Summit Financial Group Inc. Acquires 3,150 Shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE)

Summit Financial Group Inc. boosted its holdings in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 5.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 57,280 shares of the company’s stock after acquiring an additional 3,150 shares during the quarter. Summit Financial Group Inc.’s holdings in Global X U.S. Infrastructure Development ETF were worth $2,280,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. LPL Financial LLC lifted its position in shares of Global X U.S. Infrastructure Development ETF by 29.3% during the 3rd quarter. LPL Financial LLC now owns 6,173,869 shares of the company’s stock valued at $187,562,000 after acquiring an additional 1,400,747 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Global X U.S. Infrastructure Development ETF by 25.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,532,657 shares of the company’s stock valued at $137,702,000 after acquiring an additional 932,741 shares during the period. Congress Wealth Management LLC DE lifted its position in shares of Global X U.S. Infrastructure Development ETF by 18.6% during the 4th quarter. Congress Wealth Management LLC DE now owns 2,956,322 shares of the company’s stock valued at $101,875,000 after acquiring an additional 463,636 shares during the period. CIBC Private Wealth Group LLC lifted its position in shares of Global X U.S. Infrastructure Development ETF by 15.7% during the 4th quarter. CIBC Private Wealth Group LLC now owns 2,679,566 shares of the company’s stock valued at $92,338,000 after acquiring an additional 362,821 shares during the period. Finally, Wells Fargo & Company MN lifted its position in shares of Global X U.S. Infrastructure Development ETF by 11.0% during the 4th quarter. Wells Fargo & Company MN now owns 2,104,458 shares of the company’s stock valued at $72,520,000 after acquiring an additional 208,079 shares during the period.

Global X U.S. Infrastructure Development ETF Stock Up 0.6 %

PAVE traded up $0.22 during trading on Wednesday, hitting $37.74. 807,033 shares of the company’s stock were exchanged. The business’s 50 day moving average is $38.24 and its two-hundred day moving average is $36.70. Global X U.S. Infrastructure Development ETF has a fifty-two week low of $13.80 and a fifty-two week high of $17.80. The stock has a market cap of $7.23 billion, a P/E ratio of 20.28 and a beta of 1.13.

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.