Global X U.S. Infrastructure Development ETF $PAVE Shares Sold by Austin Wealth Management LLC

Austin Wealth Management LLC lowered its position in Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 4.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 94,537 shares of the company’s stock after selling 4,094 shares during the period. Austin Wealth Management LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $4,319,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of PAVE. Citigroup Inc. lifted its stake in Global X U.S. Infrastructure Development ETF by 2,086.2% during the 1st 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 period. Envestnet Asset Management Inc. lifted its position in Global X U.S. Infrastructure Development ETF by 27.2% during the second quarter. Envestnet Asset Management Inc. now owns 2,013,659 shares of the company’s stock valued at $87,755,000 after purchasing an additional 430,335 shares during the period. HighTower Advisors LLC lifted its position in Global X U.S. Infrastructure Development ETF by 35.0% during the first quarter. HighTower Advisors LLC now owns 768,330 shares of the company’s stock valued at $28,989,000 after purchasing an additional 199,384 shares during the period. Exchange Traded Concepts LLC purchased a new stake in Global X U.S. Infrastructure Development ETF in the second quarter valued at $7,743,000. Finally, 5th Street Advisors LLC grew its position in Global X U.S. Infrastructure Development ETF by 1,659.0% during the 1st 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 Up 15.5%

Shares of PAVE stock opened at $47.89 on Wednesday. The stock has a market cap of $9.46 billion, a PE ratio of 23.34 and a beta of 1.24. The business has a 50-day simple moving average of $47.37 and a 200-day simple moving average of $44.94. Global X U.S. Infrastructure Development ETF has a 52-week low of $32.65 and a 52-week high of $46.26.

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.