Nomura Asset Management Co. Ltd. Grows Stake in Global X U.S. Infrastructure Development ETF (BATS:PAVE)

Nomura Asset Management Co. Ltd. boosted its holdings in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 1,201.6% during the 4th quarter, Holdings Channel reports. The firm owned 118,265 shares of the company’s stock after buying an additional 109,179 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Global X U.S. Infrastructure Development ETF were worth $4,779,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in PAVE. Sofi Wealth LLC bought a new position in shares of Global X U.S. Infrastructure Development ETF during the 4th quarter valued at about $28,000. MassMutual Private Wealth & Trust FSB purchased a new stake in shares of Global X U.S. Infrastructure Development ETF in the fourth quarter worth about $28,000. Crowley Wealth Management Inc. bought a new position in Global X U.S. Infrastructure Development ETF during the fourth quarter valued at approximately $28,000. Hanson & Doremus Investment Management purchased a new position in Global X U.S. Infrastructure Development ETF during the 4th quarter valued at approximately $28,000. Finally, Key Financial Inc increased its stake in Global X U.S. Infrastructure Development ETF by 613.2% in the 4th quarter. Key Financial Inc now owns 756 shares of the company’s stock worth $31,000 after acquiring an additional 650 shares during the last quarter.

Global X U.S. Infrastructure Development ETF Stock Performance

BATS PAVE opened at $37.99 on Wednesday. The stock has a 50 day moving average price of $40.30 and a 200-day moving average price of $41.61. Global X U.S. Infrastructure Development ETF has a one year low of $35.72 and a one year high of $46.18. The company has a market capitalization of $7.74 billion, a P/E ratio of 21.56 and a beta of 1.21.

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.