Vontobel Holding Ltd. Sells 24,740 Shares of Global X U.S. Infrastructure Development ETF $PAVE

Vontobel Holding Ltd. reduced its stake in Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 63.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,510 shares of the company’s stock after selling 24,740 shares during the period. Vontobel Holding Ltd.’s holdings in Global X U.S. Infrastructure Development ETF were worth $761,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Bank of America Corp DE grew its stake in shares of Global X U.S. Infrastructure Development ETF by 3.7% in the first quarter. Bank of America Corp DE now owns 25,499,439 shares of the company’s stock valued at $1,295,627,000 after buying an additional 903,562 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. boosted its stake in shares of Global X U.S. Infrastructure Development ETF by 43.3% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 8,938,139 shares of the company’s stock valued at $454,147,000 after purchasing an additional 2,699,000 shares during the period. Envestnet Asset Management Inc. grew its holdings in Global X U.S. Infrastructure Development ETF by 24.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 5,089,117 shares of the company’s stock valued at $299,851,000 after purchasing an additional 1,001,544 shares in the last quarter. Moss Adams Wealth Advisors LLC increased its stake in Global X U.S. Infrastructure Development ETF by 3.0% during the 1st quarter. Moss Adams Wealth Advisors LLC now owns 1,816,958 shares of the company’s stock worth $92,320,000 after buying an additional 52,695 shares during the period. Finally, Royal Bank of Canada increased its stake in Global X U.S. Infrastructure Development ETF by 8.1% during the 1st quarter. Royal Bank of Canada now owns 1,610,656 shares of the company’s stock worth $81,837,000 after buying an additional 120,091 shares during the period.

Global X U.S. Infrastructure Development ETF Price Performance

Shares of PAVE stock opened at $52.65 on Wednesday. The company’s fifty day moving average price is $54.40 and its two-hundred day moving average price is $55.73. The firm has a market capitalization of $10.40 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 $45.44 and a 12 month high of $60.43.

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.