Western Wealth Management LLC Cuts Position in Global X U.S. Infrastructure Development ETF (BATS:PAVE)

Western Wealth Management LLC lessened its holdings in Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 2.7% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 67,256 shares of the company’s stock after selling 1,860 shares during the quarter. Western Wealth Management LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $2,318,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PAVE. US Bancorp DE lifted its stake in Global X U.S. Infrastructure Development ETF by 38.7% in the first quarter. US Bancorp DE now owns 5,575 shares of the company’s stock valued at $158,000 after purchasing an additional 1,555 shares during the last quarter. Citigroup Inc. lifted its stake in Global X U.S. Infrastructure Development ETF by 61.2% in 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 during the last quarter. Cibc World Market Inc. lifted its stake in 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 valued at $3,378,000 after purchasing an additional 822 shares during the last quarter. Sequoia Financial Advisors LLC purchased a new position in Global X U.S. Infrastructure Development ETF in the first quarter valued at approximately $480,000. Finally, Baird Financial Group Inc. lifted its stake in Global X U.S. Infrastructure Development ETF by 32.5% in the first quarter. Baird Financial Group Inc. now owns 172,422 shares of the company’s stock valued at $4,876,000 after purchasing an additional 42,330 shares during the last quarter.

Global X U.S. Infrastructure Development ETF Stock Down 0.2 %

Global X U.S. Infrastructure Development ETF stock traded down $0.08 during trading on Friday, hitting $37.36. The stock had a trading volume of 1,892,653 shares. Global X U.S. Infrastructure Development ETF has a 1 year low of $13.80 and a 1 year high of $17.80. The stock’s 50 day moving average is $38.08 and its two-hundred day moving average is $34.19. The stock has a market cap of $7.21 billion, a price-to-earnings ratio of 20.75 and a beta of 1.13.

About Global X U.S. Infrastructure Development ETF

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.