Global X U.S. Infrastructure Development ETF $PAVE Stock: Moss Adams Wealth Advisors LLC Lowers Position

Moss Adams Wealth Advisors LLC reduced its position in Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 6.7% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 1,722,992 shares of the company’s stock after selling 124,578 shares during the quarter. Global X U.S. Infrastructure Development ETF comprises about 5.9% of Moss Adams Wealth Advisors LLC’s holdings, making the stock its 3rd largest position. Moss Adams Wealth Advisors LLC owned approximately 0.87% of Global X U.S. Infrastructure Development ETF worth $90,457,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the business. Bank of America Corp DE boosted its position in shares of Global X U.S. Infrastructure Development ETF by 3.7% during the 1st quarter. Bank of America Corp DE now owns 25,499,439 shares of the company’s stock worth $1,295,627,000 after purchasing an additional 903,562 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in Global X U.S. Infrastructure Development ETF by 43.3% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 8,938,139 shares of the company’s stock valued at $454,147,000 after purchasing an additional 2,699,000 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in Global X U.S. Infrastructure Development ETF by 24.5% during the second quarter. Envestnet Asset Management Inc. now owns 5,089,117 shares of the company’s stock worth $299,851,000 after acquiring an additional 1,001,544 shares during the last quarter. Royal Bank of Canada grew its position in shares of Global X U.S. Infrastructure Development ETF by 8.1% in the first quarter. Royal Bank of Canada now owns 1,610,656 shares of the company’s stock valued at $81,837,000 after purchasing an additional 120,091 shares during the period. Finally, Principal Financial Group Inc. increased its stake in shares of Global X U.S. Infrastructure Development ETF by 46.0% during the 1st quarter. Principal Financial Group Inc. now owns 1,567,475 shares of the company’s stock valued at $79,643,000 after acquiring an additional 494,075 shares during the last quarter.

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

Shares of PAVE opened at $53.52 on Friday. The firm has a market capitalization of $10.57 billion, a P/E ratio of 23.34 and a beta of 1.24. The stock’s fifty day simple moving average is $53.68 and its 200 day simple moving average is $54.70. Global X U.S. Infrastructure Development ETF has a twelve month low of $45.44 and a twelve month high of $60.43.

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.