Sequoia Financial Advisors LLC Grows Stock Position in Global X U.S. Infrastructure Development ETF (BATS:PAVE)

Sequoia Financial Advisors LLC boosted its position in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 2.2% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 19,739 shares of the company’s stock after buying an additional 422 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $812,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of PAVE. Farmers & Merchants Investments Inc. lifted its stake in shares of Global X U.S. Infrastructure Development ETF by 1,029.7% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 723 shares of the company’s stock worth $27,000 after acquiring an additional 659 shares during the last quarter. Blue Trust Inc. lifted its position in shares of Global X U.S. Infrastructure Development ETF by 164.9% during the second quarter. Blue Trust Inc. now owns 816 shares of the company’s stock worth $32,000 after purchasing an additional 508 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Global X U.S. Infrastructure Development ETF during the second quarter valued at $33,000. First PREMIER Bank purchased a new stake in shares of Global X U.S. Infrastructure Development ETF during the third quarter valued at $39,000. Finally, Mather Group LLC. bought a new position in shares of Global X U.S. Infrastructure Development ETF in the second quarter worth about $42,000.

Global X U.S. Infrastructure Development ETF Trading Down 0.6 %

PAVE opened at $41.21 on Friday. The business’s fifty day simple moving average is $40.00 and its 200-day simple moving average is $38.72. The company has a market capitalization of $7.89 billion, a price-to-earnings ratio of 20.28 and a beta of 1.13. Global X U.S. Infrastructure Development ETF has a 12-month low of $13.80 and a 12-month high of $17.80.

About Global X U.S. Infrastructure Development ETF

The Global X U.S. Infrastructure Development ETF (PAVE) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a market-cap-weighted index of US-listed companies that derive the majority of their revenue from or have a stated business purpose related to infrastructure development.