Global X U.S. Infrastructure Development ETF $PAVE Stock: Oppenheimer & Co. Inc. Trims Position

Oppenheimer & Co. Inc. decreased its position in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 83.1% during the third quarter, Holdings Channel reports. The fund owned 87,816 shares of the company’s stock after selling 430,362 shares during the period. Oppenheimer & Co. Inc.’s holdings in Global X U.S. Infrastructure Development ETF were worth $4,610,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Park Avenue Securities LLC bought a new stake in shares of Global X U.S. Infrastructure Development ETF during the 3rd quarter valued at $6,544,000. Verdence Capital Advisors LLC increased its stake in shares of Global X U.S. Infrastructure Development ETF by 11.4% in the 3rd quarter. Verdence Capital Advisors LLC now owns 18,075 shares of the company’s stock worth $949,000 after acquiring an additional 1,850 shares in the last quarter. Apollon Wealth Management LLC increased its stake in shares of Global X U.S. Infrastructure Development ETF by 19.4% in the 3rd quarter. Apollon Wealth Management LLC now owns 80,369 shares of the company’s stock worth $4,219,000 after acquiring an additional 13,073 shares in the last quarter. Helium Advisors LLC increased its stake in shares of Global X U.S. Infrastructure Development ETF by 13.5% in the 3rd quarter. Helium Advisors LLC now owns 5,534 shares of the company’s stock worth $291,000 after acquiring an additional 659 shares in the last quarter. Finally, First Interstate Bank bought a new position in shares of Global X U.S. Infrastructure Development ETF in the 3rd quarter worth about $38,817,000.

Global X U.S. Infrastructure Development ETF Price Performance

Shares of BATS PAVE opened at $54.49 on Friday. Global X U.S. Infrastructure Development ETF has a 1 year low of $45.44 and a 1 year high of $60.43. The stock has a market cap of $10.77 billion, a P/E ratio of 23.34 and a beta of 1.24. The firm has a 50-day moving average of $53.73 and a 200 day moving average of $54.69.

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.