Global X U.S. Infrastructure Development ETF $PAVE Stock Holdings Trimmed by HBW Advisory Services LLC

HBW Advisory Services LLC trimmed its stake in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 61.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 109,844 shares of the company’s stock after selling 177,241 shares during the period. HBW Advisory Services LLC owned 0.06% of Global X U.S. Infrastructure Development ETF worth $5,767,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of PAVE. Bank of America Corp DE lifted its stake in Global X U.S. Infrastructure Development ETF by 3.7% in the 1st quarter. Bank of America Corp DE now owns 25,499,439 shares of the company’s stock valued at $1,295,627,000 after buying an additional 903,562 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its position in shares of 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 acquiring an additional 2,699,000 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Global X U.S. Infrastructure Development ETF by 24.5% in the second quarter. Envestnet Asset Management Inc. now owns 5,089,117 shares of the company’s stock valued at $299,851,000 after acquiring an additional 1,001,544 shares in the last quarter. Moss Adams Wealth Advisors LLC lifted its position in shares of Global X U.S. Infrastructure Development ETF by 3.0% in the first quarter. Moss Adams Wealth Advisors LLC now owns 1,816,958 shares of the company’s stock valued at $92,320,000 after acquiring an additional 52,695 shares in the last quarter. Finally, Royal Bank of Canada lifted 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 acquiring an additional 120,091 shares in the last quarter.

Global X U.S. Infrastructure Development ETF Price Performance

Shares of BATS:PAVE opened at $52.82 on Thursday. The business’s 50 day moving average price is $54.86 and its 200-day moving average price is $55.66. The firm has a market capitalization of $10.44 billion, a PE ratio of 23.34 and a beta of 1.24. Global X U.S. Infrastructure Development ETF has a 1 year low of $45.44 and a 1 year high of $60.43.

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.