Global X U.S. Infrastructure Development ETF $PAVE Shares Sold by Stratos Investment Management LLC

Stratos Investment Management LLC cut its stake in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 88.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,979 shares of the company’s stock after selling 44,780 shares during the period. Stratos Investment Management LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $285,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Root Financial Partners LLC purchased a new position in shares of Global X U.S. Infrastructure Development ETF in the 3rd quarter worth about $25,000. Darwin Wealth Management LLC purchased a new position in Global X U.S. Infrastructure Development ETF in the second quarter valued at approximately $25,000. Atlantic Union Bankshares Corp acquired a new position in Global X U.S. Infrastructure Development ETF during the second quarter valued at approximately $26,000. Avalon Trust Co acquired a new position in Global X U.S. Infrastructure Development ETF during the second quarter valued at approximately $29,000. Finally, Private Wealth Asset Management LLC purchased a new stake in Global X U.S. Infrastructure Development ETF during the second quarter worth approximately $32,000.

Global X U.S. Infrastructure Development ETF Stock Down 1.8%

Global X U.S. Infrastructure Development ETF stock opened at $54.63 on Friday. The firm has a fifty day moving average of $50.44 and a 200-day moving average of $48.22. Global X U.S. Infrastructure Development ETF has a 52-week low of $32.65 and a 52-week high of $56.74. The firm has a market capitalization of $10.79 billion, a P/E ratio of 23.34 and a beta of 1.24.

Global X U.S. Infrastructure Development ETF 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.