Conservest Capital Advisors Inc. Makes New $442,000 Investment in Global X U.S. Infrastructure Development ETF (BATS:PAVE)

Conservest Capital Advisors Inc. purchased a new position in Global X U.S. Infrastructure Development ETF (BATS:PAVE) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,107 shares of the company’s stock, valued at approximately $442,000.

A number of other hedge funds have also modified their holdings of PAVE. Farmers & Merchants Investments Inc. lifted its holdings in shares of Global X U.S. Infrastructure Development ETF by 1,029.7% in the second quarter. Farmers & Merchants Investments Inc. now owns 723 shares of the company’s stock worth $27,000 after buying an additional 659 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of Global X U.S. Infrastructure Development ETF by 164.9% in the second quarter. Blue Trust Inc. now owns 816 shares of the company’s stock worth $32,000 after buying an additional 508 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Global X U.S. Infrastructure Development ETF in the second quarter worth $33,000. First PREMIER Bank purchased a new position in shares of Global X U.S. Infrastructure Development ETF in the third quarter worth $39,000. Finally, Mather Group LLC. purchased a new position in shares of Global X U.S. Infrastructure Development ETF in the second quarter worth $42,000.

Global X U.S. Infrastructure Development ETF Stock Performance

PAVE stock opened at $41.29 on Friday. Global X U.S. Infrastructure Development ETF has a one year low of $13.80 and a one year high of $17.80. The company’s fifty day moving average price is $40.29 and its 200-day moving average price is $38.82. The company has a market capitalization of $7.91 billion, a PE ratio of 20.28 and a beta of 1.13.

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.