MGO Private Wealth LLC Sells 4,994 Shares of Global X U.S. Infrastructure Development ETF $PAVE

MGO Private Wealth LLC lessened its stake in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 29.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,745 shares of the company’s stock after selling 4,994 shares during the period. MGO Private Wealth LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $512,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Citigroup Inc. lifted its position 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 worth $50,005,000 after purchasing an additional 1,264,705 shares during the period. CX Institutional raised its holdings in shares of Global X U.S. Infrastructure Development ETF by 265.5% in the first quarter. CX Institutional now owns 461,893 shares of the company’s stock valued at $17,427,000 after buying an additional 335,530 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of Global X U.S. Infrastructure Development ETF by 7.5% in the first quarter. Principal Financial Group Inc. now owns 3,740,600 shares of the company’s stock valued at $141,133,000 after buying an additional 260,800 shares during the last quarter. Marshall Financial Group LLC bought a new position in shares of Global X U.S. Infrastructure Development ETF in the first quarter valued at about $7,809,000. Finally, HighTower Advisors LLC raised its holdings in Global X U.S. Infrastructure Development ETF by 35.0% during the 1st 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 last quarter.

Global X U.S. Infrastructure Development ETF Trading Up 15.7%

Shares of BATS:PAVE opened at $47.94 on Friday. The stock has a market capitalization of $9.47 billion, a P/E ratio of 23.34 and a beta of 1.24. Global X U.S. Infrastructure Development ETF has a 1-year low of $32.65 and a 1-year high of $46.26. The business has a 50-day moving average price of $46.48 and a two-hundred day moving average price of $42.72.

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.