Fortem Financial Group LLC Purchases Shares of 32,936 Global X U.S. Infrastructure Development ETF (BATS:PAVE)

Fortem Financial Group LLC purchased a new stake in Global X U.S. Infrastructure Development ETF (BATS:PAVE) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 32,936 shares of the company’s stock, valued at approximately $1,356,000.

Several other hedge funds also recently added to or reduced their stakes in PAVE. Bank of Montreal Can increased its stake in Global X U.S. Infrastructure Development ETF by 11.0% in the second quarter. Bank of Montreal Can now owns 19,491,116 shares of the company’s stock valued at $726,044,000 after purchasing an additional 1,928,517 shares during the last quarter. EP Wealth Advisors LLC purchased a new position in Global X U.S. Infrastructure Development ETF in the third quarter valued at approximately $31,003,000. Axxcess Wealth Management LLC increased its stake in Global X U.S. Infrastructure Development ETF by 1,243.3% in the third quarter. Axxcess Wealth Management LLC now owns 678,063 shares of the company’s stock valued at $27,909,000 after purchasing an additional 627,585 shares during the last quarter. Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management increased its stake in Global X U.S. Infrastructure Development ETF by 84.5% in the second quarter. Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management now owns 939,000 shares of the company’s stock valued at $34,761,000 after purchasing an additional 430,000 shares during the last quarter. Finally, Evergreen Capital Management LLC purchased a new position in Global X U.S. Infrastructure Development ETF in the second quarter valued at approximately $15,437,000.

Global X U.S. Infrastructure Development ETF Stock Down 1.1 %

Shares of Global X U.S. Infrastructure Development ETF stock opened at $43.76 on Wednesday. The firm has a market capitalization of $8.38 billion, a P/E ratio of 20.28 and a beta of 1.13. Global X U.S. Infrastructure Development ETF has a 52 week low of $13.80 and a 52 week high of $17.80. The firm’s 50 day moving average is $43.19 and its two-hundred day moving average is $39.98.

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.