Global X U.S. Infrastructure Development ETF $PAVE Shares Sold by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. lowered its position in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 7.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,693,569 shares of the company’s stock after selling 129,594 shares during the period. Northwestern Mutual Wealth Management Co. owned about 0.86% of Global X U.S. Infrastructure Development ETF worth $73,806,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Moss Adams Wealth Advisors LLC grew its stake in shares of Global X U.S. Infrastructure Development ETF by 1.5% in the 2nd quarter. Moss Adams Wealth Advisors LLC now owns 1,041,197 shares of the company’s stock valued at $45,469,000 after purchasing an additional 15,268 shares during the last quarter. GAMMA Investing LLC purchased a new stake in shares of Global X U.S. Infrastructure Development ETF in the second quarter valued at about $71,000. Chicago Partners Investment Group LLC purchased a new stake in shares of Global X U.S. Infrastructure Development ETF in the first quarter valued at about $632,000. PMG Wealth Management Inc. acquired a new position in shares of Global X U.S. Infrastructure Development ETF during the second quarter worth about $3,922,000. Finally, Barnes Pettey Financial Advisors LLC purchased a new position in Global X U.S. Infrastructure Development ETF during the second quarter worth about $206,000.

Global X U.S. Infrastructure Development ETF Trading Up 17.0%

Shares of PAVE opened at $48.52 on Friday. The stock’s 50 day moving average is $47.53 and its two-hundred day moving average is $45.56. Global X U.S. Infrastructure Development ETF has a twelve month low of $32.65 and a twelve month high of $46.26. The firm has a market capitalization of $9.58 billion, a PE ratio of 23.34 and a beta of 1.24.

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.