Avantax Planning Partners Inc. reduced its stake in Global X U.S. Infrastructure Development ETF (BATS:PAVE – Free Report) by 91.5% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,342 shares of the company’s stock after selling 100,979 shares during the period. Avantax Planning Partners Inc.’s holdings in Global X U.S. Infrastructure Development ETF were worth $490,000 at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. Harel Insurance Investments & Financial Services Ltd. increased its holdings in Global X U.S. Infrastructure Development ETF by 43.3% in the first 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 during the last quarter. Envestnet Asset Management Inc. boosted its holdings 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 buying an additional 1,001,544 shares during the last quarter. Evergreen Capital Management LLC acquired a new position in shares of Global X U.S. Infrastructure Development ETF during the 3rd quarter worth about $49,119,000. Bank of America Corp DE grew 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 buying an additional 903,562 shares during the period. Finally, First Interstate Bank bought a new stake in shares of Global X U.S. Infrastructure Development ETF in the 3rd quarter valued at about $38,817,000.
Global X U.S. Infrastructure Development ETF Price Performance
Shares of PAVE stock opened at $53.33 on Tuesday. The stock has a market cap of $13.56 billion, a PE ratio of 24.12 and a beta of 1.20. The stock has a 50-day moving average of $53.34 and a 200-day moving average of $54.76. Global X U.S. Infrastructure Development ETF has a one year low of $45.44 and a one year high of $60.43.
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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