Prosperity Wealth Management Inc. Cuts Stake in Global X U.S. Infrastructure Development ETF (BATS:PAVE)

Prosperity Wealth Management Inc. lessened its holdings in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 19.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,617 shares of the company’s stock after selling 1,627 shares during the quarter. Prosperity Wealth Management Inc.’s holdings in Global X U.S. Infrastructure Development ETF were worth $228,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. US Bancorp DE increased its holdings in Global X U.S. Infrastructure Development ETF by 38.7% in the 1st quarter. US Bancorp DE now owns 5,575 shares of the company’s stock valued at $158,000 after acquiring an additional 1,555 shares during the last quarter. Citigroup Inc. grew its position in shares of Global X U.S. Infrastructure Development ETF by 61.2% during the first quarter. Citigroup Inc. now owns 26,130 shares of the company’s stock valued at $739,000 after purchasing an additional 9,923 shares in the last quarter. Cibc World Market Inc. increased its holdings in shares of Global X U.S. Infrastructure Development ETF by 0.7% in the first quarter. Cibc World Market Inc. now owns 119,433 shares of the company’s stock worth $3,378,000 after purchasing an additional 822 shares during the last quarter. Sequoia Financial Advisors LLC purchased a new stake in shares of Global X U.S. Infrastructure Development ETF in the first quarter worth about $480,000. Finally, Baird Financial Group Inc. boosted its stake in Global X U.S. Infrastructure Development ETF by 32.5% during the first quarter. Baird Financial Group Inc. now owns 172,422 shares of the company’s stock valued at $4,876,000 after buying an additional 42,330 shares during the last quarter.

Global X U.S. Infrastructure Development ETF Price Performance

BATS PAVE opened at $37.44 on Thursday. Global X U.S. Infrastructure Development ETF has a 1-year low of $13.80 and a 1-year high of $17.80. The business has a 50 day simple moving average of $38.05 and a two-hundred day simple moving average of $34.16. The stock has a market capitalization of $7.23 billion, a PE ratio of 20.75 and a beta of 1.13.

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.