Okabena Investment Services Inc. Buys New Stake in Global X U.S. Infrastructure Development ETF (BATS:PAVE)

Okabena Investment Services Inc. bought a new position in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) in the third quarter, HoldingsChannel.com reports. The firm bought 18,000 shares of the company’s stock, valued at approximately $741,000.

A number of other hedge funds also recently bought and sold shares of the company. Great Valley Advisor Group Inc. lifted its holdings in shares of Global X U.S. Infrastructure Development ETF by 2.8% during the third quarter. Great Valley Advisor Group Inc. now owns 472,375 shares of the company’s stock worth $19,443,000 after buying an additional 12,648 shares during the last quarter. Meridian Wealth Management LLC increased its position in Global X U.S. Infrastructure Development ETF by 8.1% during the third quarter. Meridian Wealth Management LLC now owns 81,460 shares of the company’s stock worth $3,353,000 after acquiring an additional 6,105 shares during the period. Investors Research Corp raised its stake in Global X U.S. Infrastructure Development ETF by 44.2% during the 3rd quarter. Investors Research Corp now owns 71,620 shares of the company’s stock valued at $2,948,000 after purchasing an additional 21,947 shares during the last quarter. L & S Advisors Inc bought a new stake in Global X U.S. Infrastructure Development ETF in the 3rd quarter valued at $280,000. Finally, Trustmark National Bank Trust Department grew its position in Global X U.S. Infrastructure Development ETF by 37.3% in the 3rd quarter. Trustmark National Bank Trust Department now owns 9,057 shares of the company’s stock worth $373,000 after purchasing an additional 2,460 shares during the last quarter.

Global X U.S. Infrastructure Development ETF Stock Performance

BATS:PAVE opened at $45.38 on Friday. The firm’s 50-day moving average is $42.09 and its 200-day moving average is $39.50. Global X U.S. Infrastructure Development ETF has a 52-week low of $13.80 and a 52-week high of $17.80. The company has a market cap of $8.69 billion, a price-to-earnings ratio of 20.28 and a beta of 1.13.

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.