Moss Adams Wealth Advisors LLC Has $92.32 Million Stock Holdings in Global X U.S. Infrastructure Development ETF $PAVE

by · The Markets Daily

Moss Adams Wealth Advisors LLC lifted its stake in Global X U.S. Infrastructure Development ETF (BATS:PAVE – Free Report) by 3.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,816,958 shares of the company’s stock after purchasing an additional 52,695 shares during the quarter. Global X U.S. Infrastructure Development ETF accounts for approximately 6.8% of Moss Adams Wealth Advisors LLC’s holdings, making the stock its 3rd biggest position. Moss Adams Wealth Advisors LLC owned approximately 0.92% of Global X U.S. Infrastructure Development ETF worth $92,320,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of PAVE. CIBC Bancorp USA Inc. bought a new stake in Global X U.S. Infrastructure Development ETF during the 3rd quarter valued at about $163,051,000. Harel Insurance Investments & Financial Services Ltd. lifted its stake in shares of Global X U.S. Infrastructure Development ETF by 37.3% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 6,239,139 shares of the company’s stock worth $299,095,000 after buying an additional 1,694,808 shares in the last quarter. Bank of America Corp DE lifted its stake in shares of Global X U.S. Infrastructure Development ETF by 7.2% in the third quarter. Bank of America Corp DE now owns 24,259,423 shares of the company’s stock worth $1,155,476,000 after buying an additional 1,625,360 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Global X U.S. Infrastructure Development ETF by 30.5% during the fourth quarter. JPMorgan Chase & Co. now owns 4,736,398 shares of the company’s stock valued at $226,353,000 after buying an additional 1,106,276 shares during the last quarter. Finally, Bank of Montreal Can grew its holdings in shares of Global X U.S. Infrastructure Development ETF by 4.4% during the third quarter. Bank of Montreal Can now owns 23,774,892 shares of the company’s stock valued at $1,132,398,000 after buying an additional 1,001,842 shares during the last quarter.

Global X U.S. Infrastructure Development ETF Stock Down 0.4%

Shares of PAVE opened at $58.60 on Tuesday. Global X U.S. Infrastructure Development ETF has a twelve month low of $43.32 and a twelve month high of $60.43. The company has a market capitalization of $11.58 billion, a P/E ratio of 23.34 and a beta of 1.24. The firm has a 50 day moving average of $56.70 and a 200 day moving average of $53.42.

About Global X U.S. Infrastructure Development ETF

(Free Report)

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. PAVE was launched on Mar 6, 2017 and is managed by Global X.

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