Northwestern Mutual Wealth Management Co. reduced its stake in Global X U.S. Infrastructure Development ETF (BATS:PAVE – Free Report) by 32.6% during the 4th quarter, HoldingsChannel reports. The fund owned 1,300,242 shares of the company’s stock after selling 627,761 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Global X U.S. Infrastructure Development ETF were worth $62,139,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in the stock. Thrivent Financial for Lutherans lifted its position in Global X U.S. Infrastructure Development ETF by 29.0% in the 4th quarter. Thrivent Financial for Lutherans now owns 491,637 shares of the company’s stock valued at $23,499,000 after acquiring an additional 110,668 shares in the last quarter. Cornerstone Wealth Management LLC lifted its position in Global X U.S. Infrastructure Development ETF by 16.3% in the 4th quarter. Cornerstone Wealth Management LLC now owns 36,376 shares of the company’s stock valued at $1,738,000 after acquiring an additional 5,086 shares in the last quarter. Moneco Advisors LLC lifted its position in Global X U.S. Infrastructure Development ETF by 30.1% in the 4th quarter. Moneco Advisors LLC now owns 55,295 shares of the company’s stock valued at $2,643,000 after acquiring an additional 12,788 shares in the last quarter. Ameritas Advisory Services LLC lifted its position in Global X U.S. Infrastructure Development ETF by 1,302.2% in the 4th quarter. Ameritas Advisory Services LLC now owns 364,538 shares of the company’s stock valued at $17,421,000 after acquiring an additional 338,541 shares in the last quarter. Finally, AIFG Consultants Ltd. lifted its position in Global X U.S. Infrastructure Development ETF by 1.0% in the 4th quarter. AIFG Consultants Ltd. now owns 19,194 shares of the company’s stock valued at $917,000 after acquiring an additional 189 shares in the last quarter.
Global X U.S. Infrastructure Development ETF Price Performance
Shares of BATS:PAVE opened at $55.41 on Monday. The company’s 50-day moving average price is $53.44 and its two-hundred day moving average price is $51.40. Global X U.S. Infrastructure Development ETF has a one year low of $40.61 and a one year high of $58.55. The stock has a market capitalization of $10.95 billion, a PE ratio of 23.34 and a beta of 1.24.
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.
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