RiverFront Investment Group LLC Acquires 69,086 Shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE)

RiverFront Investment Group LLC grew its holdings in Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 10.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 753,850 shares of the company’s stock after purchasing an additional 69,086 shares during the period. RiverFront Investment Group LLC owned about 0.39% of Global X U.S. Infrastructure Development ETF worth $30,463,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Clal Insurance Enterprises Holdings Ltd lifted its position in Global X U.S. Infrastructure Development ETF by 24.6% during the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 7,418,750 shares of the company’s stock valued at $300,890,000 after purchasing an additional 1,464,000 shares during the period. LPL Financial LLC grew its holdings in shares of Global X U.S. Infrastructure Development ETF by 21.3% in the fourth quarter. LPL Financial LLC now owns 6,776,463 shares of the company’s stock worth $273,837,000 after acquiring an additional 1,191,666 shares during the period. JPMorgan Chase & Co. increased its position in Global X U.S. Infrastructure Development ETF by 752.6% during the fourth quarter. JPMorgan Chase & Co. now owns 5,604,605 shares of the company’s stock valued at $226,482,000 after acquiring an additional 4,947,263 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in Global X U.S. Infrastructure Development ETF by 40.0% in the fourth quarter. Principal Financial Group Inc. now owns 3,479,800 shares of the company’s stock valued at $140,619,000 after acquiring an additional 994,800 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in Global X U.S. Infrastructure Development ETF in the fourth quarter worth about $84,168,000.

Global X U.S. Infrastructure Development ETF Stock Down 9.3 %

Shares of BATS:PAVE opened at $37.59 on Friday. Global X U.S. Infrastructure Development ETF has a twelve month low of $35.72 and a twelve month high of $46.18. The stock has a market capitalization of $7.73 billion, a PE ratio of 21.38 and a beta of 1.27. The firm’s 50 day moving average price is $40.52 and its 200-day moving average price is $41.57.

Global X U.S. Infrastructure Development ETF 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.