Bank of Montreal Can Buys 586,418 Shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE)

Bank of Montreal Can grew its position in Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 3.0% in the third quarter, according to its most recent filing with the SEC. The fund owned 20,077,534 shares of the company’s stock after acquiring an additional 586,418 shares during the period. Bank of Montreal Can owned 0.10% of Global X U.S. Infrastructure Development ETF worth $822,978,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Farmers & Merchants Investments Inc. boosted its stake in shares of Global X U.S. Infrastructure Development ETF by 1,029.7% during the second quarter. Farmers & Merchants Investments Inc. now owns 723 shares of the company’s stock valued at $27,000 after purchasing an additional 659 shares in the last quarter. Blue Trust Inc. grew its holdings 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 acquiring an additional 508 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Global X U.S. Infrastructure Development ETF in the 2nd quarter valued at approximately $33,000. First PREMIER Bank bought a new position in shares of Global X U.S. Infrastructure Development ETF during the third quarter valued at $39,000. Finally, Howe & Rusling Inc. acquired a new position in shares of Global X U.S. Infrastructure Development ETF during the third quarter worth $39,000.

Global X U.S. Infrastructure Development ETF Stock Up 1.3 %

PAVE traded up $0.57 during midday trading on Monday, hitting $45.38. 1,158,979 shares of the company were exchanged. The firm has a market capitalization of $8.69 billion, a P/E ratio of 20.28 and a beta of 1.13. The firm’s 50 day moving average price is $42.09 and its 200-day moving average price is $39.50. Global X U.S. Infrastructure Development ETF has a 1-year low of $13.80 and a 1-year 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.