Global X U.S. Infrastructure Development ETF $PAVE is Evolution Wealth Advisors LLC’s 4th Largest Position

Evolution Wealth Advisors LLC reduced its stake in Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 21.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 597,348 shares of the company’s stock after selling 163,198 shares during the period. Global X U.S. Infrastructure Development ETF makes up about 3.8% of Evolution Wealth Advisors LLC’s investment portfolio, making the stock its 4th biggest holding. Evolution Wealth Advisors LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $26,032,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of PAVE. Sequoia Financial Advisors LLC grew its stake in shares of Global X U.S. Infrastructure Development ETF by 1.3% in the second quarter. Sequoia Financial Advisors LLC now owns 17,961 shares of the company’s stock valued at $783,000 after buying an additional 225 shares in the last quarter. Jacobi Capital Management LLC boosted its holdings in Global X U.S. Infrastructure Development ETF by 2.4% in the 1st quarter. Jacobi Capital Management LLC now owns 10,897 shares of the company’s stock worth $411,000 after acquiring an additional 256 shares during the period. Insight Advisors LLC PA boosted its holdings in Global X U.S. Infrastructure Development ETF by 0.9% in the 2nd quarter. Insight Advisors LLC PA now owns 28,739 shares of the company’s stock worth $1,252,000 after acquiring an additional 270 shares during the period. IFG Advisory LLC grew its position in Global X U.S. Infrastructure Development ETF by 3.4% in the first quarter. IFG Advisory LLC now owns 8,287 shares of the company’s stock valued at $313,000 after acquiring an additional 274 shares in the last quarter. Finally, Choreo LLC raised its stake in shares of Global X U.S. Infrastructure Development ETF by 1.6% during the first quarter. Choreo LLC now owns 18,317 shares of the company’s stock valued at $691,000 after purchasing an additional 281 shares during the period.

Global X U.S. Infrastructure Development ETF Trading Up 13.6%

BATS PAVE opened at $47.09 on Friday. The stock has a market cap of $9.30 billion, a P/E ratio of 23.34 and a beta of 1.24. The company’s fifty day simple moving average is $47.42 and its 200-day simple moving average is $44.97. Global X U.S. Infrastructure Development ETF has a 52 week low of $32.65 and a 52 week high of $46.26.

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.