Richardson Capital Management LLC Increases Stock Holdings in Global X U.S. Infrastructure Development ETF (BATS:PAVE)

Richardson Capital Management LLC raised its stake in Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 8.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,276 shares of the company’s stock after purchasing an additional 326 shares during the quarter. Richardson Capital Management LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $176,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of PAVE. Envestnet Portfolio Solutions Inc. acquired a new stake in shares of Global X U.S. Infrastructure Development ETF in the 1st quarter valued at approximately $374,000. Avantax Advisory Services Inc. lifted its holdings in shares of Global X U.S. Infrastructure Development ETF by 31.4% in the 1st quarter. Avantax Advisory Services Inc. now owns 75,769 shares of the company’s stock valued at $3,016,000 after buying an additional 18,111 shares during the period. Texas Yale Capital Corp. acquired a new stake in shares of Global X U.S. Infrastructure Development ETF in the 1st quarter valued at approximately $207,000. Kingsview Wealth Management LLC lifted its holdings in shares of Global X U.S. Infrastructure Development ETF by 31.1% in the 1st quarter. Kingsview Wealth Management LLC now owns 93,181 shares of the company’s stock valued at $3,710,000 after buying an additional 22,102 shares during the period. Finally, Orion Portfolio Solutions LLC lifted its holdings in shares of Global X U.S. Infrastructure Development ETF by 16.4% in the 1st quarter. Orion Portfolio Solutions LLC now owns 41,240 shares of the company’s stock valued at $1,642,000 after buying an additional 5,810 shares during the period.

Global X U.S. Infrastructure Development ETF Price Performance

PAVE opened at $44.83 on Wednesday. The business has a 50 day simple moving average of $40.89 and a 200-day simple moving average of $39.11. The stock has a market capitalization of $8.59 billion, a P/E ratio of 20.28 and a beta of 1.13. Global X U.S. Infrastructure Development ETF has a 12 month low of $13.80 and a 12 month high of $17.80.

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.