Global X U.S. Infrastructure Development ETF $PAVE Stock Sold by Valley Wealth Managers Inc.

Valley Wealth Managers Inc. lessened its holdings in Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 75.9% during the third quarter, HoldingsChannel.com reports. The firm owned 189,907 shares of the company’s stock after selling 597,294 shares during the period. Valley Wealth Managers Inc.’s holdings in Global X U.S. Infrastructure Development ETF were worth $9,970,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Bank of America Corp DE grew its position in Global X U.S. Infrastructure Development ETF by 3.7% in the first quarter. Bank of America Corp DE now owns 25,499,439 shares of the company’s stock valued at $1,295,627,000 after purchasing an additional 903,562 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its position in Global X U.S. Infrastructure Development ETF by 43.3% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 8,938,139 shares of the company’s stock worth $454,147,000 after buying an additional 2,699,000 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in Global X U.S. Infrastructure Development ETF by 24.5% during the 2nd 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 in the last quarter. Moss Adams Wealth Advisors LLC boosted its stake in shares of Global X U.S. Infrastructure Development ETF by 3.0% during the 1st quarter. Moss Adams Wealth Advisors LLC now owns 1,816,958 shares of the company’s stock worth $92,320,000 after buying an additional 52,695 shares during the last quarter. Finally, Royal Bank of Canada boosted its stake in shares of Global X U.S. Infrastructure Development ETF by 8.1% during the 1st quarter. Royal Bank of Canada now owns 1,610,656 shares of the company’s stock worth $81,837,000 after buying an additional 120,091 shares during the last quarter.

Global X U.S. Infrastructure Development ETF Price Performance

Shares of BATS PAVE opened at $53.45 on Friday. The business has a 50-day moving average of $55.16 and a 200-day moving average of $55.57. The stock has a market capitalization of $10.56 billion, a price-to-earnings ratio of 23.34 and a beta of 1.24. Global X U.S. Infrastructure Development ETF has a fifty-two week low of $45.44 and a fifty-two week 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.