Sovran Advisors LLC Lowers Stock Holdings in Global X U.S. Infrastructure Development ETF $PAVE

Sovran Advisors LLC trimmed its holdings in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 48.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 25,830 shares of the company’s stock after selling 24,663 shares during the period. Sovran Advisors LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $1,149,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in PAVE. Northern Trust Corp lifted its holdings in shares of Global X U.S. Infrastructure Development ETF by 25.4% during the fourth quarter. Northern Trust Corp now owns 84,692 shares of the company’s stock valued at $3,422,000 after purchasing an additional 17,160 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of Global X U.S. Infrastructure Development ETF by 42.3% during the fourth quarter. BNP Paribas Financial Markets now owns 16,793 shares of the company’s stock valued at $679,000 after purchasing an additional 4,995 shares during the last quarter. Millennium Management LLC purchased a new position in shares of Global X U.S. Infrastructure Development ETF during the fourth quarter valued at approximately $1,417,000. Focus Partners Advisor Solutions LLC purchased a new position in shares of Global X U.S. Infrastructure Development ETF during the fourth quarter valued at approximately $258,000. Finally, GTS Securities LLC purchased a new position in shares of Global X U.S. Infrastructure Development ETF during the fourth quarter valued at approximately $1,616,000.

Global X U.S. Infrastructure Development ETF Stock Performance

PAVE stock opened at $46.99 on Friday. The firm has a 50 day moving average price of $46.09 and a 200-day moving average price of $42.05. Global X U.S. Infrastructure Development ETF has a 52-week low of $32.65 and a 52-week high of $46.26. The firm has a market capitalization of $9.28 billion, a price-to-earnings ratio of 23.34 and a beta of 1.24.

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.