JPMorgan Chase & Co. Raises Position in Global X U.S. Infrastructure Development ETF (BATS:PAVE)

JPMorgan Chase & Co. lifted its holdings in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 752.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,604,605 shares of the company’s stock after purchasing an additional 4,947,263 shares during the quarter. JPMorgan Chase & Co. owned about 2.93% of Global X U.S. Infrastructure Development ETF worth $226,482,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Wealth Enhancement Advisory Services LLC boosted its stake in Global X U.S. Infrastructure Development ETF by 7.6% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 50,661 shares of the company’s stock worth $2,085,000 after buying an additional 3,593 shares during the last quarter. Ameliora Wealth Management Ltd. acquired a new stake in shares of Global X U.S. Infrastructure Development ETF in the fourth quarter worth approximately $162,000. Proficio Capital Partners LLC purchased a new stake in Global X U.S. Infrastructure Development ETF in the fourth quarter valued at approximately $771,000. Fisher Asset Management LLC acquired a new position in Global X U.S. Infrastructure Development ETF during the third quarter worth approximately $295,000. Finally, Janney Montgomery Scott LLC raised its stake in Global X U.S. Infrastructure Development ETF by 1.8% during the fourth quarter. Janney Montgomery Scott LLC now owns 193,541 shares of the company’s stock worth $7,821,000 after purchasing an additional 3,410 shares during the period.

Global X U.S. Infrastructure Development ETF Stock Down 8.9 %

Shares of BATS PAVE opened at $37.75 on Tuesday. The stock has a market capitalization of $7.70 billion, a PE ratio of 21.56 and a beta of 1.21. The firm has a fifty day moving average of $40.42 and a 200-day moving average of $41.62. Global X U.S. Infrastructure Development ETF has a 52-week low of $35.72 and a 52-week high of $46.18.

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.