Financial Freedom LLC decreased its stake in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE – Free Report) by 10.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 31,671 shares of the company’s stock after selling 3,790 shares during the period. Financial Freedom LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $1,380,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Trustmark Bank Trust Department boosted its holdings in shares of Global X U.S. Infrastructure Development ETF by 54.3% in the second quarter. Trustmark Bank Trust Department now owns 9,111 shares of the company’s stock valued at $397,000 after acquiring an additional 3,205 shares in the last quarter. Hsbc Holdings PLC lifted its position in Global X U.S. Infrastructure Development ETF by 23.4% in the second quarter. Hsbc Holdings PLC now owns 17,517 shares of the company’s stock worth $763,000 after purchasing an additional 3,319 shares during the period. Russell Investments Group Ltd. boosted its stake in Global X U.S. Infrastructure Development ETF by 1,294.8% during the 2nd quarter. Russell Investments Group Ltd. now owns 22,442 shares of the company’s stock valued at $978,000 after purchasing an additional 20,833 shares in the last quarter. J.W. Cole Advisors Inc. acquired a new position in shares of Global X U.S. Infrastructure Development ETF during the 2nd quarter valued at $282,000. Finally, Laurel Wealth Advisors LLC increased its position in shares of Global X U.S. Infrastructure Development ETF by 4,209.9% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 2,694,465 shares of the company’s stock valued at $117,425,000 after purchasing an additional 2,631,947 shares during the period.
Global X U.S. Infrastructure Development ETF Stock Performance
PAVE opened at $48.52 on Friday. The company has a market capitalization of $9.58 billion, a PE ratio of 23.34 and a beta of 1.24. The stock’s fifty day moving average is $47.53 and its 200-day moving average is $45.59. Global X U.S. Infrastructure Development ETF has a one year low of $32.65 and a one year high of $46.26.
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.
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