Bank of Montreal Can Has $822.98 Million Stock Holdings in Global X U.S. Infrastructure Development ETF (BATS:PAVE)

Bank of Montreal Can grew its position in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 3.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,077,534 shares of the company’s stock after acquiring an additional 586,418 shares during the quarter. Bank of Montreal Can owned 10.48% of Global X U.S. Infrastructure Development ETF worth $822,978,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Farmers & Merchants Investments Inc. raised its stake in shares of Global X U.S. Infrastructure Development ETF by 1,029.7% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 723 shares of the company’s stock worth $27,000 after purchasing an additional 659 shares in the last quarter. Blue Trust Inc. boosted its position in shares of 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 valued at $32,000 after acquiring an additional 508 shares during the period. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Global X U.S. Infrastructure Development ETF in the second quarter valued at approximately $33,000. First PREMIER Bank acquired a new stake in Global X U.S. Infrastructure Development ETF during the third quarter worth approximately $39,000. Finally, Howe & Rusling Inc. bought a new position in Global X U.S. Infrastructure Development ETF during the 3rd quarter worth $39,000.

Global X U.S. Infrastructure Development ETF Stock Up 1.3 %

Shares of PAVE traded up $0.57 during trading hours on Monday, hitting $45.38. 1,158,979 shares of the company were exchanged. The company has a market cap of $8.69 billion, a price-to-earnings ratio of 20.28 and a beta of 1.13. The firm’s fifty day moving average is $42.09 and its 200 day moving average is $39.50. Global X U.S. Infrastructure Development ETF has a fifty-two week low of $13.80 and a fifty-two week high of $17.80.

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.