Nomura Asset Management Co. Ltd. Increases Stock Holdings in Global X U.S. Infrastructure Development ETF (BATS:PAVE)

Nomura Asset Management Co. Ltd. raised its position in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 1,201.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 118,265 shares of the company’s stock after purchasing an additional 109,179 shares during the quarter. Nomura Asset Management Co. Ltd. owned 0.06% of Global X U.S. Infrastructure Development ETF worth $4,779,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. JPMorgan Chase & Co. increased its stake in shares of Global X U.S. Infrastructure Development ETF by 752.6% in the 4th quarter. JPMorgan Chase & Co. now owns 5,604,605 shares of the company’s stock worth $226,482,000 after purchasing an additional 4,947,263 shares in the last quarter. Ausdal Financial Partners Inc. grew its holdings in Global X U.S. Infrastructure Development ETF by 11.6% during the fourth quarter. Ausdal Financial Partners Inc. now owns 83,054 shares of the company’s stock valued at $3,356,000 after purchasing an additional 8,600 shares during the period. Potentia Wealth purchased a new stake in Global X U.S. Infrastructure Development ETF in the fourth quarter worth about $4,298,000. Crowley Wealth Management Inc. bought a new position in shares of Global X U.S. Infrastructure Development ETF in the fourth quarter worth about $28,000. Finally, LPL Financial LLC lifted its position in shares of Global X U.S. Infrastructure Development ETF by 21.3% during the 4th quarter. LPL Financial LLC now owns 6,776,463 shares of the company’s stock valued at $273,837,000 after buying an additional 1,191,666 shares in the last quarter.

Global X U.S. Infrastructure Development ETF Trading Down 8.4 %

Global X U.S. Infrastructure Development ETF stock opened at $37.99 on Wednesday. Global X U.S. Infrastructure Development ETF has a 12-month low of $35.72 and a 12-month high of $46.18. The firm has a market capitalization of $7.74 billion, a price-to-earnings ratio of 21.56 and a beta of 1.21. The firm has a 50 day moving average of $40.30 and a 200 day moving average of $41.61.

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.