Valmark Advisers Inc. Raises Position in Global X U.S. Infrastructure Development ETF (BATS:PAVE)

Valmark Advisers Inc. increased its stake in Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 5.1% in the third quarter, Holdings Channel.com reports. The institutional investor owned 10,705 shares of the company’s stock after purchasing an additional 518 shares during the quarter. Valmark Advisers Inc.’s holdings in Global X U.S. Infrastructure Development ETF were worth $441,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of PAVE. Bank of Montreal Can lifted its holdings in Global X U.S. Infrastructure Development ETF by 11.0% in the 2nd quarter. Bank of Montreal Can now owns 19,491,116 shares of the company’s stock worth $726,044,000 after buying an additional 1,928,517 shares in the last quarter. Cetera Investment Advisers increased its position in shares of Global X U.S. Infrastructure Development ETF by 325.0% during the first quarter. Cetera Investment Advisers now owns 922,494 shares of the company’s stock worth $36,724,000 after acquiring an additional 705,438 shares during the last quarter. Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management lifted its stake in shares of Global X U.S. Infrastructure Development ETF by 84.5% in the second quarter. Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management now owns 939,000 shares of the company’s stock worth $34,761,000 after acquiring an additional 430,000 shares in the last quarter. Evergreen Capital Management LLC purchased a new position in Global X U.S. Infrastructure Development ETF in the second quarter valued at about $15,437,000. Finally, Meitav Investment House Ltd. grew its stake in Global X U.S. Infrastructure Development ETF by 16.6% during the 1st quarter. Meitav Investment House Ltd. now owns 2,454,227 shares of the company’s stock valued at $97,721,000 after purchasing an additional 350,000 shares in the last quarter.

Global X U.S. Infrastructure Development ETF Stock Down 0.0 %

PAVE stock opened at $41.48 on Thursday. The stock’s 50 day moving average is $40.20 and its two-hundred day moving average is $38.78. Global X U.S. Infrastructure Development ETF has a 52-week low of $13.80 and a 52-week high of $17.80. The company has a market capitalization of $7.95 billion, a PE ratio of 20.28 and a beta of 1.13.

Global X U.S. Infrastructure Development ETF 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.