Global X U.S. Infrastructure Development ETF $PAVE Position Cut by Vontobel Holding Ltd.

Vontobel Holding Ltd. cut its position in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 63.0% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 14,510 shares of the company’s stock after selling 24,740 shares during the period. Vontobel Holding Ltd.’s holdings in Global X U.S. Infrastructure Development ETF were worth $761,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the business. Beaumont Financial Advisors LLC increased its stake in Global X U.S. Infrastructure Development ETF by 1.1% during the first quarter. Beaumont Financial Advisors LLC now owns 16,949 shares of the company’s stock valued at $861,000 after purchasing an additional 180 shares during the last quarter. Stephens Inc. AR raised its holdings in shares of Global X U.S. Infrastructure Development ETF by 1.4% during the first quarter. Stephens Inc. AR now owns 14,302 shares of the company’s stock worth $727,000 after purchasing an additional 194 shares during the period. Altus Wealth Group LLC raised its holdings in shares of Global X U.S. Infrastructure Development ETF by 2.6% during the first quarter. Altus Wealth Group LLC now owns 7,850 shares of the company’s stock worth $399,000 after purchasing an additional 200 shares during the period. Total Clarity Wealth Management Inc. lifted its position in shares of Global X U.S. Infrastructure Development ETF by 2.7% in the 1st quarter. Total Clarity Wealth Management Inc. now owns 7,659 shares of the company’s stock worth $389,000 after buying an additional 201 shares during the last quarter. Finally, Castleview Partners LLC lifted its position in shares of Global X U.S. Infrastructure Development ETF by 2.1% in the 3rd quarter. Castleview Partners LLC now owns 11,082 shares of the company’s stock worth $582,000 after buying an additional 224 shares during the last quarter.

Global X U.S. Infrastructure Development ETF Stock Performance

BATS PAVE opened at $52.65 on Wednesday. Global X U.S. Infrastructure Development ETF has a one year low of $45.44 and a one year high of $60.43. The company has a 50-day simple moving average of $54.40 and a 200-day simple moving average of $55.73. The firm has a market capitalization of $10.40 billion, a PE 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.