PNC Financial Services Group Inc. Has $1.35 Million Stock Holdings in Global X U.S. Infrastructure Development ETF $PAVE

PNC Financial Services Group Inc. trimmed its holdings in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 57.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 30,889 shares of the company’s stock after selling 41,861 shares during the period. PNC Financial Services Group Inc.’s holdings in Global X U.S. Infrastructure Development ETF were worth $1,346,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of PAVE. Bank of New York Mellon Corp increased its holdings in shares of Global X U.S. Infrastructure Development ETF by 73.8% in the 1st quarter. Bank of New York Mellon Corp now owns 9,258 shares of the company’s stock valued at $349,000 after purchasing an additional 3,931 shares during the period. Kestra Private Wealth Services LLC increased its stake in Global X U.S. Infrastructure Development ETF by 11.1% in the 1st quarter. Kestra Private Wealth Services LLC now owns 28,334 shares of the company’s stock valued at $1,069,000 after buying an additional 2,820 shares during the period. Choreo LLC increased its stake in Global X U.S. Infrastructure Development ETF by 1.6% in the 1st quarter. Choreo LLC now owns 18,317 shares of the company’s stock valued at $691,000 after buying an additional 281 shares during the period. Pinnacle Associates Ltd. lifted its position in Global X U.S. Infrastructure Development ETF by 4.3% in the 1st quarter. Pinnacle Associates Ltd. now owns 9,945 shares of the company’s stock worth $375,000 after buying an additional 412 shares in the last quarter. Finally, Avantax Advisory Services Inc. boosted its stake in shares of Global X U.S. Infrastructure Development ETF by 5.4% during the 1st quarter. Avantax Advisory Services Inc. now owns 136,319 shares of the company’s stock valued at $5,143,000 after buying an additional 6,971 shares during the period.

Global X U.S. Infrastructure Development ETF Stock Up 9.8%

Global X U.S. Infrastructure Development ETF stock opened at $45.53 on Friday. Global X U.S. Infrastructure Development ETF has a 12 month low of $32.65 and a 12 month high of $46.26. The stock has a market cap of $8.99 billion, a P/E ratio of 23.34 and a beta of 1.24. The company’s fifty day simple moving average is $47.39 and its 200-day simple moving average is $45.24.

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.