Choreo LLC Increases Stock Position in Global X U.S. Infrastructure Development ETF (BATS:PAVE)

Choreo LLC boosted its stake in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 60.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,809 shares of the company’s stock after buying an additional 6,714 shares during the quarter. Choreo LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $648,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of PAVE. Congress Wealth Management LLC DE boosted its stake in shares of Global X U.S. Infrastructure Development ETF by 18.6% in the fourth 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. Meitav Investment House Ltd. boosted its stake in shares of Global X U.S. Infrastructure Development ETF by 9.9% in the second quarter. Meitav Investment House Ltd. now owns 2,696,368 shares of the company’s stock valued at $99,905,000 after purchasing an additional 242,141 shares during the period. CIBC Private Wealth Group LLC boosted its stake in shares of Global X U.S. Infrastructure Development ETF by 15.7% in the fourth 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. Principal Financial Group Inc. purchased a new position in shares of Global X U.S. Infrastructure Development ETF in the first quarter valued at approximately $103,108,000. Finally, Wells Fargo & Company MN boosted its stake in shares of Global X U.S. Infrastructure Development ETF by 11.0% in the fourth quarter. Wells Fargo & Company MN now owns 2,104,458 shares of the company’s stock valued at $72,520,000 after purchasing an additional 208,079 shares during the period.

Global X U.S. Infrastructure Development ETF Stock Performance

BATS PAVE opened at $38.76 on Friday. The firm has a 50 day simple moving average of $38.19 and a 200-day simple moving average of $38.23. Global X U.S. Infrastructure Development ETF has a one year low of $13.80 and a one year high of $17.80. The firm has a market cap of $7.42 billion, a price-to-earnings ratio of 20.28 and a beta of 1.13.

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.