PNC Financial Services Group Inc. Has $1.96 Million Position in Global X U.S. Infrastructure Development ETF (BATS:PAVE)

PNC Financial Services Group Inc. lifted its holdings in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 367.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 47,518 shares of the company’s stock after buying an additional 37,344 shares during the period. PNC Financial Services Group Inc.’s holdings in Global X U.S. Infrastructure Development ETF were worth $1,956,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Caprock Group LLC grew its holdings in shares of Global X U.S. Infrastructure Development ETF by 42.9% in the 3rd quarter. Caprock Group LLC now owns 16,715 shares of the company’s stock valued at $688,000 after acquiring an additional 5,022 shares in the last quarter. Oppenheimer & Co. Inc. grew its holdings in shares of Global X U.S. Infrastructure Development ETF by 3.7% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 98,611 shares of the company’s stock valued at $4,059,000 after acquiring an additional 3,492 shares in the last quarter. Richardson Capital Management LLC grew its holdings in shares of Global X U.S. Infrastructure Development ETF by 8.3% in the 3rd quarter. Richardson Capital Management LLC now owns 4,276 shares of the company’s stock valued at $176,000 after acquiring an additional 326 shares in the last quarter. First Heartland Consultants Inc. grew its holdings in shares of Global X U.S. Infrastructure Development ETF by 17.2% in the 3rd quarter. First Heartland Consultants Inc. now owns 20,730 shares of the company’s stock valued at $853,000 after acquiring an additional 3,048 shares in the last quarter. Finally, Prime Capital Investment Advisors LLC grew its holdings in shares of Global X U.S. Infrastructure Development ETF by 13.9% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 9,093 shares of the company’s stock valued at $374,000 after acquiring an additional 1,108 shares in the last quarter.

Global X U.S. Infrastructure Development ETF Price Performance

Shares of BATS PAVE opened at $45.83 on Wednesday. The stock has a market capitalization of $8.78 billion, a price-to-earnings ratio of 20.28 and a beta of 1.13. The business has a 50-day moving average of $42.36 and a 200-day moving average of $39.59. Global X U.S. Infrastructure Development ETF has a fifty-two week low of $13.80 and a fifty-two week high of $17.80.

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.