Global X U.S. Infrastructure Development ETF $PAVE Stake Reduced by Vishria Bird Financial Group LLC

Vishria Bird Financial Group LLC reduced its stake in Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 0.9% during the second quarter, Holdings Channel.com reports. The firm owned 303,354 shares of the company’s stock after selling 2,884 shares during the period. Global X U.S. Infrastructure Development ETF accounts for about 4.4% of Vishria Bird Financial Group LLC’s portfolio, making the stock its 8th largest position. Vishria Bird Financial Group LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $13,220,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. LPL Financial LLC increased its stake in Global X U.S. Infrastructure Development ETF by 1.2% in the 1st quarter. LPL Financial LLC now owns 6,854,471 shares of the company’s stock worth $258,619,000 after purchasing an additional 78,008 shares during the period. Principal Financial Group Inc. raised its holdings in shares of Global X U.S. Infrastructure Development ETF by 7.5% during the first quarter. Principal Financial Group Inc. now owns 3,740,600 shares of the company’s stock valued at $141,133,000 after acquiring an additional 260,800 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in Global X U.S. Infrastructure Development ETF by 2.9% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,823,163 shares of the company’s stock worth $68,788,000 after acquiring an additional 50,644 shares during the period. Envestnet Asset Management Inc. boosted its holdings in Global X U.S. Infrastructure Development ETF by 9.2% in the first quarter. Envestnet Asset Management Inc. now owns 1,583,324 shares of the company’s stock valued at $59,739,000 after acquiring an additional 133,329 shares in the last quarter. Finally, Citigroup Inc. boosted its holdings in Global X U.S. Infrastructure Development ETF by 2,086.2% in the first quarter. Citigroup Inc. now owns 1,325,328 shares of the company’s stock valued at $50,005,000 after acquiring an additional 1,264,705 shares in the last quarter.

Global X U.S. Infrastructure Development ETF Stock Up 12.3%

BATS:PAVE opened at $46.56 on Friday. The stock has a market cap of $9.20 billion, a P/E ratio of 23.34 and a beta of 1.24. The firm’s fifty day simple moving average is $45.93 and its 200 day simple moving average is $41.87. Global X U.S. Infrastructure Development ETF has a twelve month low of $32.65 and a twelve month high of $46.26.

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.