DRW Securities LLC Makes New $1.48 Million Investment in Global X U.S. Infrastructure Development ETF (BATS:PAVE)

DRW Securities LLC bought a new position in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 40,000 shares of the company’s stock, valued at approximately $1,481,000.

A number of other institutional investors also recently modified their holdings of the business. Principal Financial Group Inc. acquired a new stake in Global X U.S. Infrastructure Development ETF in the 1st quarter worth about $103,108,000. Cetera Investment Advisers raised its position in shares of Global X U.S. Infrastructure Development ETF by 325.0% in the first quarter. Cetera Investment Advisers now owns 922,494 shares of the company’s stock valued at $36,724,000 after buying an additional 705,438 shares in the last quarter. Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management boosted 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 valued at $34,761,000 after buying an additional 430,000 shares during the period. CIBC Private Wealth Group LLC boosted its stake in shares of Global X U.S. Infrastructure Development ETF by 15.7% in the fourth quarter. CIBC Private Wealth Group LLC now owns 2,679,566 shares of the company’s stock valued at $92,338,000 after buying an additional 362,821 shares during the period. Finally, Meitav Investment House Ltd. grew its position in Global X U.S. Infrastructure Development ETF by 16.6% during the first quarter. Meitav Investment House Ltd. now owns 2,454,227 shares of the company’s stock worth $97,721,000 after buying an additional 350,000 shares in the last quarter.

Global X U.S. Infrastructure Development ETF Price Performance

Global X U.S. Infrastructure Development ETF stock opened at $40.48 on Monday. The firm has a market cap of $7.75 billion, a PE ratio of 20.28 and a beta of 1.13. The stock’s fifty day moving average price is $38.45 and its two-hundred day moving average price is $38.30. Global X U.S. Infrastructure Development ETF has a one year low of $13.80 and a one year high of $17.80.

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.