Marks Wealth LLC Buys New Shares in Global X U.S. Infrastructure Development ETF (BATS:PAVE)

Marks Wealth LLC acquired a new position in Global X U.S. Infrastructure Development ETF (BATS:PAVE) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 209,591 shares of the company’s stock, valued at approximately $8,627,000. Global X U.S. Infrastructure Development ETF accounts for 3.7% of Marks Wealth LLC’s holdings, making the stock its 13th largest position. Marks Wealth LLC owned approximately 0.11% of Global X U.S. Infrastructure Development ETF as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Bank of Montreal Can increased its stake in shares of Global X U.S. Infrastructure Development ETF by 11.0% during the second quarter. Bank of Montreal Can now owns 19,491,116 shares of the company’s stock valued at $726,044,000 after buying an additional 1,928,517 shares during the period. Meitav Investment House Ltd. increased its position in Global X U.S. Infrastructure Development ETF by 9.9% during the 2nd quarter. Meitav Investment House Ltd. now owns 2,696,368 shares of the company’s stock valued at $99,905,000 after purchasing an additional 242,141 shares during the period. Principal Financial Group Inc. bought a new position in Global X U.S. Infrastructure Development ETF in the 1st quarter worth $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 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,610,146 shares of the company’s stock worth $59,608,000 after purchasing an additional 198,255 shares during the period. Finally, Commonwealth Equity Services LLC lifted its position in shares of Global X U.S. Infrastructure Development ETF by 19.9% in the 3rd quarter. Commonwealth Equity Services LLC now owns 1,386,938 shares of the company’s stock worth $57,086,000 after purchasing an additional 229,948 shares during the period.

Global X U.S. Infrastructure Development ETF Stock Performance

Shares of BATS PAVE traded up $0.11 during midday trading on Friday, hitting $42.49. 462,691 shares of the company traded hands. Global X U.S. Infrastructure Development ETF has a 12-month low of $13.80 and a 12-month high of $17.80. The firm has a market cap of $8.14 billion, a P/E ratio of 20.28 and a beta of 1.13. The stock has a 50-day moving average price of $39.61 and a 200 day moving average price of $38.65.

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.