Global X U.S. Infrastructure Development ETF $PAVE Position Cut by HBW Advisory Services LLC

HBW Advisory Services LLC decreased its position in Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 7.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 366,447 shares of the company’s stock after selling 30,878 shares during the quarter. Global X U.S. Infrastructure Development ETF accounts for approximately 2.0% of HBW Advisory Services LLC’s portfolio, making the stock its 7th largest position. HBW Advisory Services LLC owned about 0.19% of Global X U.S. Infrastructure Development ETF worth $15,970,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the stock. LPL Financial LLC increased its position in shares of Global X U.S. Infrastructure Development ETF by 1.2% during the first quarter. LPL Financial LLC now owns 6,854,471 shares of the company’s stock worth $258,619,000 after acquiring an additional 78,008 shares during the period. Principal Financial Group Inc. increased its position in shares of Global X U.S. Infrastructure Development ETF by 7.5% during the first quarter. Principal Financial Group Inc. now owns 3,740,600 shares of the company’s stock worth $141,133,000 after acquiring an additional 260,800 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in shares of Global X U.S. Infrastructure Development ETF by 2.9% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,823,163 shares of the company’s stock worth $68,788,000 after acquiring an additional 50,644 shares during the period. Envestnet Asset Management Inc. increased its position in shares of Global X U.S. Infrastructure Development ETF by 9.2% during the first quarter. Envestnet Asset Management Inc. now owns 1,583,324 shares of the company’s stock worth $59,739,000 after acquiring an additional 133,329 shares during the period. Finally, Citigroup Inc. increased its position in shares of Global X U.S. Infrastructure Development ETF by 2,086.2% during the first quarter. Citigroup Inc. now owns 1,325,328 shares of the company’s stock worth $50,005,000 after acquiring an additional 1,264,705 shares during the period.

Global X U.S. Infrastructure Development ETF Trading Up 12.3%

Global X U.S. Infrastructure Development ETF stock opened at $46.56 on Friday. Global X U.S. Infrastructure Development ETF has a twelve month low of $32.65 and a twelve month high of $46.26. The stock’s fifty day simple moving average is $45.93 and its 200-day simple moving average is $41.86. The firm has a market capitalization of $9.20 billion, a P/E ratio of 23.34 and a beta of 1.24.

About Global X U.S. Infrastructure Development ETF

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.