Meridian Wealth Management LLC Buys 6,105 Shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE)

Meridian Wealth Management LLC lifted its stake in Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 8.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 81,460 shares of the company’s stock after acquiring an additional 6,105 shares during the quarter. Meridian Wealth Management LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $3,353,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Farmers & Merchants Investments Inc. boosted its holdings in shares of Global X U.S. Infrastructure Development ETF by 1,029.7% in the second quarter. Farmers & Merchants Investments Inc. now owns 723 shares of the company’s stock worth $27,000 after buying an additional 659 shares during the last quarter. Blue Trust Inc. boosted its holdings 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 worth $32,000 after buying an additional 508 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Global X U.S. Infrastructure Development ETF in the second quarter worth approximately $33,000. First PREMIER Bank purchased a new position in Global X U.S. Infrastructure Development ETF during the third quarter valued at approximately $39,000. Finally, Howe & Rusling Inc. purchased a new position in Global X U.S. Infrastructure Development ETF during the third quarter valued at approximately $39,000.

Global X U.S. Infrastructure Development ETF Price Performance

Shares of BATS:PAVE opened at $45.37 on Friday. Global X U.S. Infrastructure Development ETF has a 1-year low of $13.80 and a 1-year high of $17.80. The company has a market capitalization of $8.69 billion, a P/E ratio of 20.28 and a beta of 1.13. The firm’s 50 day simple moving average is $42.09 and its two-hundred day simple moving average is $39.49.

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.