C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors trimmed its position in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE – Free Report) by 44.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 35,546 shares of the company’s stock after selling 28,904 shares during the quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors’ holdings in Global X U.S. Infrastructure Development ETF were worth $1,866,000 as of its most recent SEC filing.
A number of other hedge funds have also recently made changes to their positions in PAVE. Bank of America Corp DE increased 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 during the period. Harel Insurance Investments & Financial Services Ltd. boosted its position in Global X U.S. Infrastructure Development ETF by 43.3% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 8,938,139 shares of the company’s stock worth $454,147,000 after buying an additional 2,699,000 shares during the period. Envestnet Asset Management Inc. boosted its position 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 worth $299,851,000 after buying an additional 1,001,544 shares during the period. Moss Adams Wealth Advisors LLC boosted its position 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 grew its holdings 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 acquiring an additional 120,091 shares during the last quarter.
Global X U.S. Infrastructure Development ETF Price Performance
PAVE opened at $52.82 on Thursday. Global X U.S. Infrastructure Development ETF has a fifty-two week low of $45.44 and a fifty-two week high of $60.43. The company’s 50 day moving average price is $54.86 and its two-hundred day moving average price is $55.66. The firm has a market capitalization of $10.44 billion, a price-to-earnings ratio of 23.34 and a beta of 1.24.
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. PAVE was launched on Mar 6, 2017 and is managed by Global X.
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