SteelPeak Wealth LLC Takes $1.07 Million Position in Global X U.S. Infrastructure Development ETF (BATS:PAVE)

SteelPeak Wealth LLC acquired a new position in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) during the first quarter, Holdings Channel reports. The fund acquired 26,960 shares of the company’s stock, valued at approximately $1,073,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in PAVE. Richardson Capital Management LLC boosted its holdings 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 acquiring an additional 790 shares in the last quarter. Asio Capital LLC bought a new position in shares of Global X U.S. Infrastructure Development ETF in the first quarter valued at $2,114,000. Register Financial Advisors LLC grew its holdings in shares of Global X U.S. Infrastructure Development ETF by 82.6% during the first quarter. Register Financial Advisors LLC now owns 1,841 shares of the company’s stock valued at $73,000 after buying an additional 833 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of Global X U.S. Infrastructure Development ETF by 6.7% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 46,387 shares of the company’s stock worth $1,847,000 after acquiring an additional 2,928 shares in the last quarter. Finally, Sandbox Financial Partners LLC acquired a new stake in shares of Global X U.S. Infrastructure Development ETF in the 1st quarter worth about $241,000.

Global X U.S. Infrastructure Development ETF Stock Performance

Shares of BATS PAVE opened at $37.02 on Monday. The firm’s 50-day simple moving average is $38.12 and its 200 day simple moving average is $36.98. The stock has a market cap of $7.09 billion, a price-to-earnings ratio of 20.28 and a beta of 1.13. 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.

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.