Granite Bay Wealth Management LLC Makes New Investment in Global X U.S. Infrastructure Development ETF (BATS:PAVE)

Granite Bay Wealth Management LLC purchased a new position in Global X U.S. Infrastructure Development ETF (BATS:PAVE) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 80,600 shares of the company’s stock, valued at approximately $3,081,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Signaturefd LLC grew its position in Global X U.S. Infrastructure Development ETF by 10.2% in the second quarter. Signaturefd LLC now owns 3,254 shares of the company’s stock worth $120,000 after buying an additional 300 shares during the last quarter. American Institute for Advanced Investment Management LLP grew its position in Global X U.S. Infrastructure Development ETF by 0.7% during the 1st quarter. American Institute for Advanced Investment Management LLP now owns 43,969 shares of the company’s stock worth $1,750,000 after purchasing an additional 324 shares in the last quarter. Trademark Financial Management LLC grew its position in Global X U.S. Infrastructure Development ETF by 1.6% during the 1st quarter. Trademark Financial Management LLC now owns 21,597 shares of the company’s stock worth $860,000 after purchasing an additional 336 shares in the last quarter. Cascade Financial Partners LLC grew its position in Global X U.S. Infrastructure Development ETF by 1.3% during the 2nd quarter. Cascade Financial Partners LLC now owns 27,603 shares of the company’s stock worth $1,022,000 after purchasing an additional 353 shares in the last quarter. Finally, BOKF NA grew its position in Global X U.S. Infrastructure Development ETF by 10.9% during the 2nd quarter. BOKF NA now owns 3,800 shares of the company’s stock worth $141,000 after purchasing an additional 375 shares in the last quarter.

Global X U.S. Infrastructure Development ETF Stock Performance

BATS PAVE opened at $41.16 on Tuesday. Global X U.S. Infrastructure Development ETF has a twelve month low of $13.80 and a twelve month high of $17.80. The stock has a market cap of $7.88 billion, a price-to-earnings ratio of 20.28 and a beta of 1.13. The firm’s 50 day moving average price is $38.68 and its two-hundred day moving average price is $38.41.

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.