Fairscale Capital LLC Buys New Shares in Global X U.S. Infrastructure Development ETF (BATS:PAVE)

Fairscale Capital LLC bought a new stake in Global X U.S. Infrastructure Development ETF (BATS:PAVE) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 6,628 shares of the company’s stock, valued at approximately $264,000.

Several other hedge funds have also made changes to their positions in PAVE. Farmers & Merchants Investments Inc. lifted its stake in shares of Global X U.S. Infrastructure Development ETF by 1,029.7% in the second quarter. Farmers & Merchants Investments Inc. now owns 723 shares of the company’s stock valued at $27,000 after buying an additional 659 shares during the period. Blue Trust Inc. raised its position in Global X U.S. Infrastructure Development ETF by 164.9% in the second quarter. Blue Trust Inc. now owns 816 shares of the company’s stock worth $32,000 after purchasing an additional 508 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Global X U.S. Infrastructure Development ETF in the second quarter worth about $33,000. Richardson Capital Management LLC raised its position in Global X U.S. Infrastructure Development ETF by 422.5% in the first quarter. Richardson Capital Management LLC now owns 977 shares of the company’s stock worth $39,000 after purchasing an additional 790 shares in the last quarter. Finally, Bell Investment Advisors Inc raised its position in Global X U.S. Infrastructure Development ETF by 1,370.8% in the first quarter. Bell Investment Advisors Inc now owns 1,059 shares of the company’s stock worth $42,000 after purchasing an additional 987 shares in the last quarter.

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

BATS:PAVE opened at $40.48 on Friday. Global X U.S. Infrastructure Development ETF has a 12-month low of $13.80 and a 12-month high of $17.80. The firm has a market capitalization of $7.75 billion, a PE ratio of 20.28 and a beta of 1.13. The firm has a 50-day moving average price of $38.45 and a 200 day moving average price of $38.30.

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.