Arete Wealth Advisors LLC Raises Holdings in Global X U.S. Infrastructure Development ETF (BATS:PAVE)

Arete Wealth Advisors LLC boosted its position in Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 10.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,579 shares of the company’s stock after purchasing an additional 898 shares during the quarter. Arete Wealth Advisors LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $392,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC grew its position in shares of Global X U.S. Infrastructure Development ETF by 2.2% in the third quarter. Sequoia Financial Advisors LLC now owns 19,739 shares of the company’s stock valued at $812,000 after purchasing an additional 422 shares in the last quarter. Fisher Asset Management LLC purchased a new stake in Global X U.S. Infrastructure Development ETF in the 3rd quarter valued at $295,000. Raymond James & Associates increased its stake in shares of Global X U.S. Infrastructure Development ETF by 64.3% in the 3rd quarter. Raymond James & Associates now owns 781,038 shares of the company’s stock worth $32,148,000 after acquiring an additional 305,548 shares during the last quarter. Granite Bay Wealth Management LLC purchased a new position in shares of Global X U.S. Infrastructure Development ETF during the 2nd quarter worth $3,081,000. Finally, HBW Advisory Services LLC boosted its position in shares of Global X U.S. Infrastructure Development ETF by 132.0% during the 3rd quarter. HBW Advisory Services LLC now owns 362,258 shares of the company’s stock valued at $14,911,000 after acquiring an additional 206,101 shares during the last quarter.

Global X U.S. Infrastructure Development ETF Trading Down 0.9 %

Shares of PAVE opened at $43.17 on Friday. The firm has a market capitalization of $8.27 billion, a P/E ratio of 20.28 and a beta of 1.13. The firm has a 50-day moving average price of $43.41 and a 200 day moving average price of $40.09. 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.