Ellis Investment Partners LLC Trims Holdings in Global X U.S. Infrastructure Development ETF $PAVE

Ellis Investment Partners LLC lessened its holdings in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 1.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,972 shares of the company’s stock after selling 377 shares during the period. Ellis Investment Partners LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $958,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of PAVE. Fifth Third Bancorp increased its holdings in Global X U.S. Infrastructure Development ETF by 40.6% during the 1st quarter. Fifth Third Bancorp now owns 4,279 shares of the company’s stock valued at $161,000 after purchasing an additional 1,236 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Global X U.S. Infrastructure Development ETF by 8.3% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 74,870 shares of the company’s stock worth $2,825,000 after acquiring an additional 5,755 shares during the period. Dynamic Advisor Solutions LLC grew its holdings in shares of Global X U.S. Infrastructure Development ETF by 5.7% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 8,011 shares of the company’s stock worth $302,000 after acquiring an additional 429 shares during the period. Janney Montgomery Scott LLC grew its holdings in shares of Global X U.S. Infrastructure Development ETF by 32.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 256,775 shares of the company’s stock worth $9,688,000 after acquiring an additional 63,234 shares during the period. Finally, Robertson Stephens Wealth Management LLC grew its holdings in shares of Global X U.S. Infrastructure Development ETF by 3.9% during the 1st quarter. Robertson Stephens Wealth Management LLC now owns 233,614 shares of the company’s stock worth $8,814,000 after acquiring an additional 8,726 shares during the period.

Global X U.S. Infrastructure Development ETF Stock Performance

PAVE stock opened at $46.40 on Monday. Global X U.S. Infrastructure Development ETF has a fifty-two week low of $32.65 and a fifty-two week high of $46.26. The business’s 50 day moving average price is $46.64 and its two-hundred day moving average price is $43.04. The company has a market capitalization of $9.17 billion, a price-to-earnings 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.