Garde Capital Inc. Invests $151,000 in Global X U.S. Infrastructure Development ETF (BATS:PAVE)

Garde Capital Inc. bought a new stake in Global X U.S. Infrastructure Development ETF (BATS:PAVE) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 3,800 shares of the company’s stock, valued at approximately $151,000.

A number of other large investors have also recently bought and sold shares of PAVE. U S Global Investors Inc. purchased a new position in shares of Global X U.S. Infrastructure Development ETF during the fourth quarter valued at approximately $34,000. Richardson Capital Management LLC boosted its holdings in shares of Global X U.S. Infrastructure Development ETF by 422.5% during the first quarter. Richardson Capital Management LLC now owns 977 shares of the company’s stock worth $39,000 after purchasing an additional 790 shares during the last quarter. Bell Investment Advisors Inc grew its position in shares of Global X U.S. Infrastructure Development ETF by 1,370.8% in the first quarter. Bell Investment Advisors Inc now owns 1,059 shares of the company’s stock valued at $42,000 after purchasing an additional 987 shares during the period. First United Bank & Trust acquired a new position in Global X U.S. Infrastructure Development ETF in the fourth quarter valued at $54,000. Finally, Creekmur Asset Management LLC purchased a new position in Global X U.S. Infrastructure Development ETF during the fourth quarter worth about $61,000.

Global X U.S. Infrastructure Development ETF Price Performance

BATS:PAVE traded down $1.39 during mid-day trading on Friday, reaching $37.42. The company’s stock had a trading volume of 3,153,809 shares. The stock has a market cap of $7.17 billion, a P/E ratio of 20.28 and a beta of 1.13. The company’s fifty day simple moving average is $37.89 and its two-hundred day simple moving average is $37.65. Global X U.S. Infrastructure Development ETF has a twelve month low of $13.80 and a twelve month high of $17.80.

Global X U.S. Infrastructure Development ETF Company 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.