Blair William & Co. IL Decreases Stock Position in Global X U.S. Infrastructure Development ETF (BATS:PAVE)

Blair William & Co. IL lessened its stake in Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 0.4% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 424,831 shares of the company’s stock after selling 1,683 shares during the quarter. Blair William & Co. IL owned 0.22% of Global X U.S. Infrastructure Development ETF worth $16,913,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Principal Financial Group Inc. acquired a new stake in Global X U.S. Infrastructure Development ETF in the first quarter valued at approximately $103,108,000. Congress Wealth Management LLC DE lifted its position in shares of Global X U.S. Infrastructure Development ETF by 18.6% during the 4th quarter. Congress Wealth Management LLC DE now owns 2,956,322 shares of the company’s stock worth $101,875,000 after purchasing an additional 463,636 shares during the last quarter. Meitav Investment House Ltd. grew its stake in shares of Global X U.S. Infrastructure Development ETF by 23.3% during the fourth quarter. Meitav Investment House Ltd. now owns 2,104,227 shares of the company’s stock worth $72,746,000 after purchasing an additional 397,578 shares in the last quarter. CIBC Private Wealth Group LLC raised its stake in Global X U.S. Infrastructure Development ETF by 15.7% in the fourth quarter. CIBC Private Wealth Group LLC now owns 2,679,566 shares of the company’s stock valued at $92,338,000 after buying an additional 362,821 shares in the last quarter. Finally, Cooper Financial Group acquired a new stake in Global X U.S. Infrastructure Development ETF in the fourth quarter valued at $11,786,000.

Global X U.S. Infrastructure Development ETF Price Performance

Shares of PAVE traded down $0.30 during mid-day trading on Friday, reaching $38.42. The company’s stock had a trading volume of 627,107 shares. The company’s 50 day moving average is $37.94 and its 200 day moving average is $37.28. The stock has a market cap of $7.36 billion, a PE ratio of 20.28 and a beta of 1.13. Global X U.S. Infrastructure Development ETF has a 12-month low of $13.80 and a 12-month high of $17.80.

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.