Meitav Investment House Ltd. Sells 867,365 Shares of Global X U.S. Infrastructure Development ETF $PAVE

Meitav Investment House Ltd. trimmed its position in Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 46.2% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 1,011,204 shares of the company’s stock after selling 867,365 shares during the period. Meitav Investment House Ltd. owned about 0.51% of Global X U.S. Infrastructure Development ETF worth $48,164,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its stake in shares of Global X U.S. Infrastructure Development ETF by 281.3% during the second quarter. JPMorgan Chase & Co. now owns 3,485,063 shares of the company’s stock valued at $151,879,000 after acquiring an additional 2,570,976 shares during the period. Laurel Wealth Advisors LLC raised its holdings in Global X U.S. Infrastructure Development ETF by 4,209.9% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 2,694,465 shares of the company’s stock worth $117,425,000 after purchasing an additional 2,631,947 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in Global X U.S. Infrastructure Development ETF by 27.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 2,013,659 shares of the company’s stock valued at $87,755,000 after purchasing an additional 430,335 shares during the period. Raymond James Financial Inc. boosted its stake in shares of Global X U.S. Infrastructure Development ETF by 1.5% in the 2nd quarter. Raymond James Financial Inc. now owns 1,559,130 shares of the company’s stock valued at $67,947,000 after purchasing an additional 22,547 shares during the last quarter. Finally, CW Advisors LLC grew its position in shares of Global X U.S. Infrastructure Development ETF by 19.4% during the 2nd quarter. CW Advisors LLC now owns 1,401,130 shares of the company’s stock worth $61,061,000 after buying an additional 227,349 shares during the period.

Global X U.S. Infrastructure Development ETF Price Performance

PAVE opened at $51.58 on Friday. The firm has a 50 day simple moving average of $48.56 and a 200 day simple moving average of $47.27. 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 company has a market cap of $10.19 billion, a price-to-earnings ratio of 23.34 and a beta of 1.24.

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.