New Millennium Group LLC Has $77,000 Position in Global X U.S. Infrastructure Development ETF $PAVE

New Millennium Group LLC trimmed its stake in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 98.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,617 shares of the company’s stock after selling 124,780 shares during the quarter. New Millennium Group LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $77,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Root Financial Partners LLC acquired a new position in shares of Global X U.S. Infrastructure Development ETF during the third quarter worth $25,000. Darwin Wealth Management LLC acquired a new stake in shares of Global X U.S. Infrastructure Development ETF during the 2nd quarter valued at $25,000. Atlantic Union Bankshares Corp bought a new stake in Global X U.S. Infrastructure Development ETF during the 2nd quarter worth $26,000. Avalon Trust Co acquired a new position in Global X U.S. Infrastructure Development ETF in the 2nd quarter worth about $29,000. Finally, Motco bought a new position in Global X U.S. Infrastructure Development ETF in the third quarter valued at about $34,000.

Global X U.S. Infrastructure Development ETF Trading Up 0.9%

BATS:PAVE opened at $55.29 on Friday. The stock’s 50-day moving average is $51.07 and its 200-day moving average is $48.53. The stock has a market cap of $10.92 billion, a P/E ratio of 23.34 and a beta of 1.24. Global X U.S. Infrastructure Development ETF has a 1-year low of $32.65 and a 1-year high of $56.74.

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.