Vontobel Holding Ltd. Makes New Investment in Global X U.S. Infrastructure Development ETF (BATS:PAVE)

Vontobel Holding Ltd. purchased a new stake in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 5,912 shares of the company’s stock, valued at approximately $243,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of PAVE. Oppenheimer & Co. Inc. increased its position in Global X U.S. Infrastructure Development ETF by 27.3% during the first quarter. Oppenheimer & Co. Inc. now owns 108,261 shares of the company’s stock valued at $4,310,000 after acquiring an additional 23,246 shares during the last quarter. Granite Bay Wealth Management LLC bought a new position in shares of Global X U.S. Infrastructure Development ETF in the 2nd quarter worth approximately $3,081,000. Comerica Bank lifted its stake in shares of Global X U.S. Infrastructure Development ETF by 10.4% in the 1st quarter. Comerica Bank now owns 38,523 shares of the company’s stock worth $1,534,000 after purchasing an additional 3,619 shares during the period. HBW Advisory Services LLC boosted its holdings in shares of Global X U.S. Infrastructure Development ETF by 132.0% in the third quarter. HBW Advisory Services LLC now owns 362,258 shares of the company’s stock worth $14,911,000 after buying an additional 206,101 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its position in Global X U.S. Infrastructure Development ETF by 38.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 7,637 shares of the company’s stock valued at $263,000 after buying an additional 2,109 shares during the period.

Global X U.S. Infrastructure Development ETF Trading Down 0.6 %

Shares of PAVE stock opened at $41.51 on Thursday. Global X U.S. Infrastructure Development ETF has a 12 month low of $13.80 and a 12 month high of $17.80. The stock has a market cap of $7.95 billion, a P/E ratio of 20.28 and a beta of 1.13. The company has a 50 day simple moving average of $39.87 and a two-hundred day simple moving average of $38.69.

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.