Systelligence LLC Reduces Holdings in Global X U.S. Infrastructure Development ETF $PAVE

Systelligence LLC trimmed its position in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 6.2% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 197,483 shares of the company’s stock after selling 12,994 shares during the quarter. Global X U.S. Infrastructure Development ETF accounts for 1.6% of Systelligence LLC’s investment portfolio, making the stock its 26th largest holding. Systelligence LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $8,606,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Global X U.S. Infrastructure Development ETF by 8.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 74,870 shares of the company’s stock valued at $2,825,000 after purchasing an additional 5,755 shares during the period. Janney Montgomery Scott LLC boosted its stake in shares of Global X U.S. Infrastructure Development ETF by 32.7% during the first quarter. Janney Montgomery Scott LLC now owns 256,775 shares of the company’s stock valued at $9,688,000 after purchasing an additional 63,234 shares during the period. PFG Investments LLC purchased a new stake in shares of Global X U.S. Infrastructure Development ETF during the first quarter valued at $239,000. Castleview Partners LLC boosted its stake in shares of Global X U.S. Infrastructure Development ETF by 81.0% during the first quarter. Castleview Partners LLC now owns 8,170 shares of the company’s stock valued at $308,000 after purchasing an additional 3,657 shares during the period. Finally, Retirement Planning Group LLC NY boosted its stake in shares of Global X U.S. Infrastructure Development ETF by 6.3% during the first quarter. Retirement Planning Group LLC NY now owns 112,611 shares of the company’s stock valued at $4,249,000 after purchasing an additional 6,703 shares during the period.

Global X U.S. Infrastructure Development ETF Trading Up 13.8%

Shares of PAVE opened at $47.18 on Friday. The firm has a market capitalization of $9.32 billion, a P/E ratio of 23.34 and a beta of 1.24. Global X U.S. Infrastructure Development ETF has a 12-month low of $32.65 and a 12-month high of $46.26. The firm has a fifty day moving average price of $46.83 and a 200-day moving average price of $43.33.

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.