HBW Advisory Services LLC lessened its stake in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE – Free Report) by 19.3% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 284,878 shares of the company’s stock after selling 68,097 shares during the quarter. Global X U.S. Infrastructure Development ETF makes up approximately 1.5% of HBW Advisory Services LLC’s investment portfolio, making the stock its 10th biggest holding. HBW Advisory Services LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $14,475,000 as of its most recent filing with the SEC.
Several other institutional investors have also added to or reduced their stakes in the company. NWF Advisory Services Inc. purchased a new stake in shares of Global X U.S. Infrastructure Development ETF in the first quarter worth approximately $206,000. Principal Financial Group Inc. boosted its holdings in Global X U.S. Infrastructure Development ETF by 46.0% during the 1st quarter. Principal Financial Group Inc. now owns 1,567,475 shares of the company’s stock valued at $79,643,000 after acquiring an additional 494,075 shares during the period. International Assets Investment Management LLC boosted its holdings in Global X U.S. Infrastructure Development ETF by 54.3% during the 1st quarter. International Assets Investment Management LLC now owns 15,039 shares of the company’s stock valued at $777,000 after acquiring an additional 5,290 shares during the period. Associated Banc Corp grew its position in Global X U.S. Infrastructure Development ETF by 36.3% in the 1st quarter. Associated Banc Corp now owns 6,022 shares of the company’s stock valued at $306,000 after acquiring an additional 1,603 shares during the last quarter. Finally, ARQ Wealth Advisors LLC grew its position in Global X U.S. Infrastructure Development ETF by 5.9% in the 1st quarter. ARQ Wealth Advisors LLC now owns 115,992 shares of the company’s stock valued at $5,894,000 after acquiring an additional 6,483 shares during the last quarter.
Global X U.S. Infrastructure Development ETF Stock Down 0.8%
PAVE stock opened at $56.23 on Tuesday. Global X U.S. Infrastructure Development ETF has a twelve month low of $43.87 and a twelve month high of $60.43. The firm has a market cap of $11.11 billion, a price-to-earnings ratio of 23.34 and a beta of 1.24. The business’s fifty day simple moving average is $56.97 and its two-hundred day simple moving average is $54.00.
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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