Global X U.S. Infrastructure Development ETF $PAVE Stock Holdings Lessened by Fortem Financial Group LLC

Fortem Financial Group LLC cut its holdings in Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 30.6% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 82,787 shares of the company’s stock after selling 36,458 shares during the period. Global X U.S. Infrastructure Development ETF comprises approximately 1.1% of Fortem Financial Group LLC’s holdings, making the stock its 27th biggest position. Fortem Financial Group LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $4,206,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Founders Financial Securities LLC bought a new position in Global X U.S. Infrastructure Development ETF in the first quarter worth about $247,000. Nations Financial Group Inc. IA ADV boosted its stake in Global X U.S. Infrastructure Development ETF by 1.6% in the first quarter. Nations Financial Group Inc. IA ADV now owns 63,480 shares of the company’s stock valued at $3,225,000 after acquiring an additional 1,005 shares during the period. WESPAC Advisors SoCal LLC bought a new position in shares of Global X U.S. Infrastructure Development ETF during the first quarter valued at approximately $414,000. Rockefeller Capital Management L.P. grew its holdings in shares of Global X U.S. Infrastructure Development ETF by 47.3% during the fourth quarter. Rockefeller Capital Management L.P. now owns 468,911 shares of the company’s stock valued at $22,409,000 after purchasing an additional 150,490 shares during the last quarter. Finally, Lane Brothers & Co. Inc. acquired a new stake in shares of Global X U.S. Infrastructure Development ETF during the 4th quarter worth approximately $3,551,000.

Global X U.S. Infrastructure Development ETF Stock Performance

Shares of Global X U.S. Infrastructure Development ETF stock opened at $58.56 on Friday. The stock has a market capitalization of $11.57 billion, a price-to-earnings ratio of 23.34 and a beta of 1.24. Global X U.S. Infrastructure Development ETF has a twelve month low of $41.65 and a twelve month high of $59.21. The business’s 50 day simple moving average is $56.19 and its 200-day simple moving average is $52.94.

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.