Elyxium Wealth LLC Sells 58,131 Shares of Global X U.S. Infrastructure Development ETF $PAVE

Elyxium Wealth LLC cut its holdings in Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 39.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 89,572 shares of the company’s stock after selling 58,131 shares during the quarter. Global X U.S. Infrastructure Development ETF comprises 1.5% of Elyxium Wealth LLC’s portfolio, making the stock its 18th largest position. Elyxium Wealth LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $3,904,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of PAVE. Citigroup Inc. boosted its stake in Global X U.S. Infrastructure Development ETF by 2,086.2% in the first quarter. Citigroup Inc. now owns 1,325,328 shares of the company’s stock valued at $50,005,000 after acquiring an additional 1,264,705 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in Global X U.S. Infrastructure Development ETF by 27.2% in the second quarter. Envestnet Asset Management Inc. now owns 2,013,659 shares of the company’s stock valued at $87,755,000 after acquiring an additional 430,335 shares during the last quarter. HighTower Advisors LLC raised its holdings in Global X U.S. Infrastructure Development ETF by 35.0% in the first quarter. HighTower Advisors LLC now owns 768,330 shares of the company’s stock worth $28,989,000 after purchasing an additional 199,384 shares during the period. Exchange Traded Concepts LLC acquired a new stake in Global X U.S. Infrastructure Development ETF in the second quarter worth $7,743,000. Finally, 5th Street Advisors LLC raised its holdings in Global X U.S. Infrastructure Development ETF by 1,659.0% in the first quarter. 5th Street Advisors LLC now owns 153,154 shares of the company’s stock worth $5,778,000 after purchasing an additional 144,447 shares during the period.

Global X U.S. Infrastructure Development ETF Stock Performance

PAVE opened at $48.12 on Tuesday. The firm’s fifty day moving average is $47.23 and its two-hundred day moving average is $44.47. The firm has a market cap of $9.51 billion, a PE ratio of 23.34 and a beta of 1.24. Global X U.S. Infrastructure Development ETF has a twelve month low of $32.65 and a twelve month 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.