Global X U.S. Infrastructure Development ETF $PAVE Holdings Trimmed by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC lowered its stake in Global X U.S. Infrastructure Development ETF (BATS:PAVE – Free Report) by 87.6% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 792,602 shares of the company’s stock after selling 5,622,678 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $41,612,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Bank of America Corp DE raised its holdings in Global X U.S. Infrastructure Development ETF by 3.7% in the 1st quarter. Bank of America Corp DE now owns 25,499,439 shares of the company’s stock worth $1,295,627,000 after purchasing an additional 903,562 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its position in shares of Global X U.S. Infrastructure Development ETF by 43.3% in 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 purchasing an additional 2,699,000 shares during the period. Envestnet Asset Management Inc. lifted its position in shares of Global X U.S. Infrastructure Development ETF by 24.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 5,089,117 shares of the company’s stock worth $299,851,000 after purchasing an additional 1,001,544 shares during the period. Royal Bank of Canada boosted its stake in shares of 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 valued at $81,837,000 after purchasing an additional 120,091 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its stake in shares of 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 purchasing an additional 494,075 shares in the last quarter.

Global X U.S. Infrastructure Development ETF Price Performance

Shares of BATS PAVE opened at $51.14 on Friday. Global X U.S. Infrastructure Development ETF has a 1 year low of $45.44 and a 1 year high of $60.43. The company’s 50-day moving average is $53.38 and its 200 day moving average is $54.75. The stock has a market capitalization of $10.10 billion, a P/E ratio of 23.34 and a beta of 1.24.

About Global X U.S. Infrastructure Development ETF

(Free Report)

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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