Laurel Wealth Advisors LLC lowered its position in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE – Free Report) by 97.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 62,978 shares of the company’s stock after selling 2,631,487 shares during the quarter. Laurel Wealth Advisors LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $3,000,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Root Financial Partners LLC acquired a new stake in shares of Global X U.S. Infrastructure Development ETF during the third quarter worth $25,000. Darwin Wealth Management LLC purchased a new position in Global X U.S. Infrastructure Development ETF during the second quarter worth about $25,000. Atlantic Union Bankshares Corp acquired a new stake in Global X U.S. Infrastructure Development ETF in the 2nd quarter worth about $26,000. Avalon Trust Co purchased a new stake in Global X U.S. Infrastructure Development ETF in the 2nd quarter valued at about $29,000. Finally, Motco purchased a new stake in Global X U.S. Infrastructure Development ETF in the 3rd quarter valued at about $34,000.
Global X U.S. Infrastructure Development ETF Price Performance
Shares of PAVE stock opened at $55.09 on Monday. The firm’s 50-day simple moving average is $51.87 and its 200-day simple moving average is $48.97. Global X U.S. Infrastructure Development ETF has a 1-year low of $32.65 and a 1-year high of $56.74. The firm has a market cap of $10.88 billion, a P/E ratio of 23.34 and a beta of 1.24.
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. PAVE was launched on Mar 6, 2017 and is managed by Global X.
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