Strategic Advisors LLC Trims Stock Position in Global X U.S. Infrastructure Development ETF (BATS:PAVE)

Strategic Advisors LLC decreased its holdings in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 49.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,444 shares of the company’s stock after selling 15,242 shares during the period. Strategic Advisors LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $636,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PAVE. Principal Financial Group Inc. purchased a new position in shares of Global X U.S. Infrastructure Development ETF in the 1st quarter worth $103,108,000. Bank of Montreal Can raised its position in shares of Global X U.S. Infrastructure Development ETF by 11.0% in the 2nd quarter. Bank of Montreal Can now owns 19,491,116 shares of the company’s stock worth $726,044,000 after buying an additional 1,928,517 shares during the period. Cetera Investment Advisers raised its position in shares of Global X U.S. Infrastructure Development ETF by 325.0% in the 1st quarter. Cetera Investment Advisers now owns 922,494 shares of the company’s stock worth $36,724,000 after buying an additional 705,438 shares during the period. Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management raised its position in shares of Global X U.S. Infrastructure Development ETF by 84.5% in the 2nd quarter. Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management now owns 939,000 shares of the company’s stock worth $34,761,000 after buying an additional 430,000 shares during the period. Finally, Evergreen Capital Management LLC purchased a new position in shares of Global X U.S. Infrastructure Development ETF in the 2nd quarter worth $15,437,000.

Global X U.S. Infrastructure Development ETF Stock Performance

Shares of PAVE traded up $0.41 during trading hours on Thursday, hitting $41.33. The stock had a trading volume of 687,094 shares. The company’s fifty day simple moving average is $38.94 and its 200 day simple moving average is $38.52. Global X U.S. Infrastructure Development ETF has a 12-month low of $13.80 and a 12-month high of $17.80. The firm has a market cap of $7.92 billion, a P/E ratio of 20.28 and a beta of 1.13.

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.