Moss Adams Wealth Advisors LLC Boosts Stake in Global X U.S. Infrastructure Development ETF (BATS:PAVE)

Moss Adams Wealth Advisors LLC lifted its holdings in Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 3.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 965,642 shares of the company’s stock after acquiring an additional 30,548 shares during the period. Global X U.S. Infrastructure Development ETF accounts for about 4.4% of Moss Adams Wealth Advisors LLC’s portfolio, making the stock its 7th biggest holding. Moss Adams Wealth Advisors LLC owned approximately 0.50% of Global X U.S. Infrastructure Development ETF worth $39,746,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Bank of Montreal Can increased its holdings in Global X U.S. Infrastructure Development ETF by 11.0% in the 2nd quarter. Bank of Montreal Can now owns 19,491,116 shares of the company’s stock valued at $726,044,000 after acquiring an additional 1,928,517 shares during the last quarter. Meitav Investment House Ltd. increased its holdings in shares of Global X U.S. Infrastructure Development ETF by 9.9% in the second quarter. Meitav Investment House Ltd. now owns 2,696,368 shares of the company’s stock worth $99,905,000 after purchasing an additional 242,141 shares during the last quarter. Principal Financial Group Inc. bought a new stake in shares of Global X U.S. Infrastructure Development ETF in the first quarter worth about $103,108,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of Global X U.S. Infrastructure Development ETF by 14.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,610,146 shares of the company’s stock worth $59,608,000 after buying an additional 198,255 shares in the last quarter. Finally, GenTrust LLC boosted its stake in Global X U.S. Infrastructure Development ETF by 11.2% during the first quarter. GenTrust LLC now owns 1,376,700 shares of the company’s stock valued at $54,806,000 after buying an additional 138,238 shares during the last quarter.

Global X U.S. Infrastructure Development ETF Price Performance

BATS:PAVE opened at $42.49 on Friday. The company has a market cap of $8.14 billion, a price-to-earnings 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. The stock’s 50 day simple moving average is $39.61 and its two-hundred day simple moving average is $38.65.

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.