Global X U.S. Infrastructure Development ETF (BATS:PAVE) Shares Purchased by Valmark Advisers Inc.

Valmark Advisers Inc. boosted its stake in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 5.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,705 shares of the company’s stock after purchasing an additional 518 shares during the period. Valmark Advisers Inc.’s holdings in Global X U.S. Infrastructure Development ETF were worth $441,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Bank of Montreal Can raised its position in shares of Global X U.S. Infrastructure Development ETF by 11.0% in the 2nd quarter. Bank of Montreal Can now owns 19,491,116 shares of the company’s stock worth $726,044,000 after buying an additional 1,928,517 shares during the period. Meitav Investment House Ltd. raised its holdings in shares of Global X U.S. Infrastructure Development ETF by 9.9% in the 2nd quarter. Meitav Investment House Ltd. now owns 2,696,368 shares of the company’s stock worth $99,905,000 after purchasing an additional 242,141 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Global X U.S. Infrastructure Development ETF by 14.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,610,146 shares of the company’s stock valued at $59,608,000 after purchasing an additional 198,255 shares in the last quarter. Commonwealth Equity Services LLC grew its holdings in shares of Global X U.S. Infrastructure Development ETF by 19.9% during the 3rd quarter. Commonwealth Equity Services LLC now owns 1,386,938 shares of the company’s stock worth $57,086,000 after purchasing an additional 229,948 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in Global X U.S. Infrastructure Development ETF by 30.0% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,073,601 shares of the company’s stock worth $44,007,000 after purchasing an additional 247,941 shares in the last quarter.

Global X U.S. Infrastructure Development ETF Stock Performance

BATS PAVE opened at $41.48 on Thursday. The firm has a market capitalization of $7.95 billion, a price-to-earnings ratio of 20.28 and a beta of 1.13. Global X U.S. Infrastructure Development ETF has a one year low of $13.80 and a one year high of $17.80. The company’s 50 day moving average price is $40.20 and its 200 day moving average price is $38.78.

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.