Global X U.S. Infrastructure Development ETF (BATS:PAVE) Position Raised by MGB Wealth Management LLC

MGB Wealth Management LLC raised its stake in Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 1.5% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 43,428 shares of the company’s stock after acquiring an additional 650 shares during the period. MGB Wealth Management LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $1,785,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of PAVE. Farmers & Merchants Investments Inc. increased its holdings in shares of Global X U.S. Infrastructure Development ETF by 1,029.7% in the second quarter. Farmers & Merchants Investments Inc. now owns 723 shares of the company’s stock valued at $27,000 after buying an additional 659 shares in the last quarter. Blue Trust Inc. grew its position in Global X U.S. Infrastructure Development ETF by 164.9% during the 2nd quarter. Blue Trust Inc. now owns 816 shares of the company’s stock worth $32,000 after purchasing an additional 508 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Global X U.S. Infrastructure Development ETF during the 2nd quarter worth approximately $33,000. First PREMIER Bank purchased a new position in Global X U.S. Infrastructure Development ETF during the 3rd quarter worth approximately $39,000. Finally, Howe & Rusling Inc. purchased a new position in Global X U.S. Infrastructure Development ETF during the 3rd quarter worth approximately $39,000.

Global X U.S. Infrastructure Development ETF Stock Performance

BATS PAVE opened at $45.38 on Friday. Global X U.S. Infrastructure Development ETF has a twelve month low of $13.80 and a twelve month high of $17.80. The stock has a market cap of $8.69 billion, a price-to-earnings ratio of 20.28 and a beta of 1.13. The firm’s 50 day moving average price is $42.09 and its two-hundred day moving average price is $39.50.

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.