IAM Advisory LLC Purchases 382 Shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE)

IAM Advisory LLC grew its position in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 0.5% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 80,965 shares of the company’s stock after buying an additional 382 shares during the quarter. Global X U.S. Infrastructure Development ETF comprises about 0.8% of IAM Advisory LLC’s investment portfolio, making the stock its 18th largest position. IAM Advisory LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $2,997,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. International Assets Investment Management LLC bought a new stake in shares of Global X U.S. Infrastructure Development ETF during the fourth quarter valued at approximately $10,079,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Global X U.S. Infrastructure Development ETF by 185.3% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 136,000 shares of the company’s stock worth $4,697,000 after purchasing an additional 88,325 shares during the last quarter. Bleakley Financial Group LLC purchased a new stake in Global X U.S. Infrastructure Development ETF in the fourth quarter worth approximately $386,000. RFG Advisory LLC purchased a new stake in Global X U.S. Infrastructure Development ETF in the fourth quarter worth approximately $221,000. Finally, Sequoia Financial Advisors LLC boosted its holdings in Global X U.S. Infrastructure Development ETF by 13.6% in the fourth quarter. Sequoia Financial Advisors LLC now owns 20,099 shares of the company’s stock worth $693,000 after purchasing an additional 2,402 shares during the last quarter.

Global X U.S. Infrastructure Development ETF Stock Performance

Shares of Global X U.S. Infrastructure Development ETF stock traded down $0.08 on Friday, hitting $37.34. 688,025 shares of the company’s stock were exchanged. The company has a 50-day simple moving average of $37.73 and a 200-day simple moving average of $37.82. The stock has a market capitalization of $7.15 billion, a PE ratio of 20.28 and a beta of 1.13. Global X U.S. Infrastructure Development ETF has a 1 year low of $13.80 and a 1 year 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.