Global X U.S. Infrastructure Development ETF (BATS:PAVE) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lessened its holdings in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 22.5% in the second quarter, Holdings Channel.com reports. The firm owned 985,061 shares of the company’s stock after selling 286,769 shares during the period. Envestnet Asset Management Inc.’s holdings in Global X U.S. Infrastructure Development ETF were worth $36,467,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. LWM Advisory Services LLC increased its stake in shares of Global X U.S. Infrastructure Development ETF by 1.1% in the second quarter. LWM Advisory Services LLC now owns 182,682 shares of the company’s stock worth $6,763,000 after buying an additional 1,943 shares during the last quarter. Executive Wealth Management LLC increased its position in shares of Global X U.S. Infrastructure Development ETF by 5.8% in the 2nd quarter. Executive Wealth Management LLC now owns 8,147 shares of the company’s stock worth $302,000 after purchasing an additional 450 shares during the last quarter. New England Private Wealth Advisors LLC raised its stake in shares of Global X U.S. Infrastructure Development ETF by 0.4% in the 2nd quarter. New England Private Wealth Advisors LLC now owns 205,313 shares of the company’s stock valued at $7,601,000 after purchasing an additional 761 shares in the last quarter. PFG Advisors lifted its position in shares of Global X U.S. Infrastructure Development ETF by 20.0% during the second quarter. PFG Advisors now owns 61,208 shares of the company’s stock worth $2,266,000 after purchasing an additional 10,203 shares during the last quarter. Finally, Eagle Strategies LLC grew its stake in Global X U.S. Infrastructure Development ETF by 214.8% in the second quarter. Eagle Strategies LLC now owns 263,362 shares of the company’s stock worth $9,750,000 after purchasing an additional 179,711 shares in the last quarter.

Global X U.S. Infrastructure Development ETF Stock Down 0.7 %

Shares of BATS PAVE opened at $40.47 on Friday. The stock’s 50 day moving average price is $38.45 and its two-hundred day moving average price is $38.29. Global X U.S. Infrastructure Development ETF has a 52-week low of $13.80 and a 52-week high of $17.80. The stock has a market capitalization of $7.75 billion, a P/E 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.