Global X U.S. Infrastructure Development ETF (BATS:PAVE) Position Reduced by Royal Bank of Canada

Royal Bank of Canada decreased its position in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 1.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 1,606,273 shares of the company’s stock after selling 31,449 shares during the quarter. Royal Bank of Canada’s holdings in Global X U.S. Infrastructure Development ETF were worth $64,909,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in PAVE. MassMutual Private Wealth & Trust FSB bought a new stake in Global X U.S. Infrastructure Development ETF during the fourth quarter worth approximately $28,000. Hanson & Doremus Investment Management bought a new stake in Global X U.S. Infrastructure Development ETF during the fourth quarter worth approximately $28,000. Sofi Wealth LLC bought a new stake in Global X U.S. Infrastructure Development ETF during the fourth quarter worth approximately $28,000. Crowley Wealth Management Inc. bought a new stake in Global X U.S. Infrastructure Development ETF during the fourth quarter worth approximately $28,000. Finally, Key Financial Inc raised its holdings in Global X U.S. Infrastructure Development ETF by 613.2% during the fourth quarter. Key Financial Inc now owns 756 shares of the company’s stock worth $31,000 after purchasing an additional 650 shares in the last quarter.

Global X U.S. Infrastructure Development ETF Price Performance

Shares of BATS:PAVE opened at $42.10 on Wednesday. Global X U.S. Infrastructure Development ETF has a 12 month low of $32.65 and a 12 month high of $46.18. The stock has a market cap of $8.15 billion, a price-to-earnings ratio of 23.02 and a beta of 1.24. The stock’s 50 day moving average price is $38.18 and its 200 day moving average price is $40.81.

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.