Tower Research Capital LLC TRC Takes Position in Global X U.S. Infrastructure Development ETF (BATS:PAVE)

Tower Research Capital LLC TRC purchased a new position in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) during the fourth quarter, Holdings Channel reports. The firm purchased 118,244 shares of the company’s stock, valued at approximately $4,778,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its position in Global X U.S. Infrastructure Development ETF by 752.6% during the fourth quarter. JPMorgan Chase & Co. now owns 5,604,605 shares of the company’s stock valued at $226,482,000 after purchasing an additional 4,947,263 shares in the last quarter. Bank of Montreal Can lifted its position in shares of Global X U.S. Infrastructure Development ETF by 10.7% during the 4th quarter. Bank of Montreal Can now owns 22,235,543 shares of the company’s stock worth $898,538,000 after buying an additional 2,158,009 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Global X U.S. Infrastructure Development ETF in the fourth quarter valued at about $84,168,000. Clal Insurance Enterprises Holdings Ltd raised its stake in Global X U.S. Infrastructure Development ETF by 24.6% during the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 7,418,750 shares of the company’s stock worth $300,890,000 after acquiring an additional 1,464,000 shares in the last quarter. Finally, LPL Financial LLC boosted its stake in shares of Global X U.S. Infrastructure Development ETF by 21.3% in the 4th quarter. LPL Financial LLC now owns 6,776,463 shares of the company’s stock valued at $273,837,000 after purchasing an additional 1,191,666 shares in the last quarter.

Global X U.S. Infrastructure Development ETF Trading Down 12.6 %

Shares of Global X U.S. Infrastructure Development ETF stock opened at $36.21 on Monday. The firm has a market capitalization of $7.19 billion, a PE ratio of 20.85 and a beta of 1.21. The firm’s 50 day moving average is $38.36 and its 200 day moving average is $41.12. Global X U.S. Infrastructure Development ETF has a 1 year low of $32.65 and a 1 year high of $46.18.

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.