Arvest Investments Inc. Has $2.22 Million Holdings in Global X U.S. Infrastructure Development ETF (BATS:PAVE)

Arvest Investments Inc. increased its position in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 14.9% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 53,841 shares of the company’s stock after purchasing an additional 6,977 shares during the quarter. Arvest Investments Inc.’s holdings in Global X U.S. Infrastructure Development ETF were worth $2,216,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in PAVE. Tyler Stone Wealth Management boosted its position in shares of Global X U.S. Infrastructure Development ETF by 100.0% in the third quarter. Tyler Stone Wealth Management now owns 9,046 shares of the company’s stock valued at $372,000 after acquiring an additional 4,523 shares during the period. Axxcess Wealth Management LLC grew its position in shares of Global X U.S. Infrastructure Development ETF by 1,243.3% during the 3rd quarter. Axxcess Wealth Management LLC now owns 678,063 shares of the company’s stock worth $27,909,000 after purchasing an additional 627,585 shares in the last quarter. Sigma Planning Corp increased its holdings in shares of Global X U.S. Infrastructure Development ETF by 9.3% during the third quarter. Sigma Planning Corp now owns 29,585 shares of the company’s stock worth $1,218,000 after purchasing an additional 2,527 shares during the period. Avid Wealth Partners LLC increased its holdings in shares of Global X U.S. Infrastructure Development ETF by 12.4% during the third quarter. Avid Wealth Partners LLC now owns 59,697 shares of the company’s stock worth $2,457,000 after purchasing an additional 6,568 shares during the period. Finally, 5th Street Advisors LLC acquired a new stake in shares of Global X U.S. Infrastructure Development ETF in the third quarter valued at approximately $342,000.

Global X U.S. Infrastructure Development ETF Stock Up 0.4 %

Shares of BATS:PAVE traded up $0.20 during trading on Friday, reaching $45.09. 1,037,302 shares of the company traded hands. Global X U.S. Infrastructure Development ETF has a 52 week low of $13.80 and a 52 week high of $17.80. The firm has a market capitalization of $8.64 billion, a PE ratio of 20.28 and a beta of 1.13. The company’s 50 day moving average is $40.77 and its two-hundred day moving average is $39.04.

Global X U.S. Infrastructure Development ETF Company Profile

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.