First Interstate Bank Has $38.79 Million Stock Holdings in Global X U.S. Infrastructure Development ETF $PAVE

First Interstate Bank decreased its position in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 37.1% during the 1st quarter, Holdings Channel reports. The fund owned 763,387 shares of the company’s stock after selling 449,547 shares during the quarter. Global X U.S. Infrastructure Development ETF accounts for about 2.2% of First Interstate Bank’s investment portfolio, making the stock its 13th biggest holding. First Interstate Bank’s holdings in Global X U.S. Infrastructure Development ETF were worth $38,788,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Meitav Investment House Ltd. boosted its position in shares of Global X U.S. Infrastructure Development ETF by 1.3% during the first quarter. Meitav Investment House Ltd. now owns 1,221,025 shares of the company’s stock worth $62,040,000 after purchasing an additional 15,730 shares in the last quarter. Nvest Financial LLC increased its position in shares of Global X U.S. Infrastructure Development ETF by 31.0% in the 1st quarter. Nvest Financial LLC now owns 48,323 shares of the company’s stock valued at $2,455,000 after buying an additional 11,438 shares in the last quarter. Ascentis Independent Advisors bought a new stake in shares of Global X U.S. Infrastructure Development ETF in the 1st quarter valued at $1,859,000. Stephens Inc. AR raised its stake in Global X U.S. Infrastructure Development ETF by 1.4% during the 1st quarter. Stephens Inc. AR now owns 14,302 shares of the company’s stock worth $727,000 after buying an additional 194 shares during the period. Finally, NBT Bank N A NY acquired a new stake in Global X U.S. Infrastructure Development ETF during the 1st quarter worth $29,000.

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

PAVE stock opened at $56.04 on Thursday. Global X U.S. Infrastructure Development ETF has a 1-year low of $43.87 and a 1-year high of $60.43. The firm has a market cap of $11.07 billion, a PE ratio of 23.34 and a beta of 1.24. The business’s 50-day moving average price is $56.93 and its two-hundred day moving average price is $53.84.

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. PAVE was launched on Mar 6, 2017 and is managed by Global X.