Crewe Advisors LLC Buys 1,236 Shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE)

Crewe Advisors LLC boosted its stake in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 202.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,848 shares of the company’s stock after buying an additional 1,236 shares during the quarter. Crewe Advisors LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $68,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Principal Financial Group Inc. purchased a new position in Global X U.S. Infrastructure Development ETF during the 1st quarter valued at about $103,108,000. Cetera Investment Advisers increased its position in Global X U.S. Infrastructure Development ETF by 325.0% during the 1st quarter. Cetera Investment Advisers now owns 922,494 shares of the company’s stock valued at $36,724,000 after purchasing an additional 705,438 shares during the period. Congress Wealth Management LLC DE increased its position in Global X U.S. Infrastructure Development ETF by 18.6% during the 4th quarter. Congress Wealth Management LLC DE now owns 2,956,322 shares of the company’s stock valued at $101,875,000 after purchasing an additional 463,636 shares during the period. Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management increased its position in Global X U.S. Infrastructure Development ETF by 84.5% during the 2nd 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 purchasing an additional 430,000 shares during the period. Finally, CIBC Private Wealth Group LLC increased its position in Global X U.S. Infrastructure Development ETF by 15.7% during the 4th quarter. CIBC Private Wealth Group LLC now owns 2,679,566 shares of the company’s stock valued at $92,338,000 after purchasing an additional 362,821 shares during the period.

Global X U.S. Infrastructure Development ETF Price Performance

BATS PAVE traded up $0.49 during trading on Friday, reaching $39.41. 492,470 shares of the company’s stock traded hands. The firm has a market cap of $7.55 billion, a price-to-earnings ratio of 20.28 and a beta of 1.13. The company’s 50 day simple moving average is $37.99 and its two-hundred day simple moving average is $38.12. Global X U.S. Infrastructure Development ETF has a 12-month low of $13.80 and a 12-month 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.