Prudential PLC Trims Stock Position in Global X U.S. Infrastructure Development ETF $PAVE

Prudential PLC decreased its stake in Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 3.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 285,900 shares of the company’s stock after selling 9,840 shares during the period. Prudential PLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $12,460,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Atlantic Union Bankshares Corp acquired a new position in Global X U.S. Infrastructure Development ETF in the second quarter valued at $26,000. Avalon Trust Co purchased a new stake in shares of Global X U.S. Infrastructure Development ETF in the 2nd quarter valued at about $29,000. Private Wealth Asset Management LLC acquired a new stake in shares of Global X U.S. Infrastructure Development ETF in the 2nd quarter valued at about $32,000. Global Trust Asset Management LLC purchased a new position in Global X U.S. Infrastructure Development ETF during the 2nd quarter worth approximately $35,000. Finally, Elevation Wealth Partners LLC acquired a new position in Global X U.S. Infrastructure Development ETF during the second quarter worth approximately $52,000.

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

Shares of BATS PAVE opened at $45.53 on Friday. The stock has a market cap of $8.99 billion, a P/E ratio of 23.34 and a beta of 1.24. Global X U.S. Infrastructure Development ETF has a twelve month low of $32.65 and a twelve month high of $46.26. The stock has a 50 day moving average of $47.39 and a two-hundred day moving average of $45.24.

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.