Global X U.S. Infrastructure Development ETF $PAVE Stake Reduced by Sumitomo Mitsui Financial Group Inc.

Sumitomo Mitsui Financial Group Inc. decreased its holdings in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 22.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,672 shares of the company’s stock after selling 6,503 shares during the period. Sumitomo Mitsui Financial Group Inc.’s holdings in Global X U.S. Infrastructure Development ETF were worth $988,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Atlantic Union Bankshares Corp bought a new stake in Global X U.S. Infrastructure Development ETF during the second quarter worth approximately $26,000. Avalon Trust Co bought a new position in shares of Global X U.S. Infrastructure Development ETF in the second quarter valued at $29,000. Private Wealth Asset Management LLC acquired a new stake in shares of Global X U.S. Infrastructure Development ETF during the 2nd quarter valued at $32,000. Global Trust Asset Management LLC bought a new stake in shares of Global X U.S. Infrastructure Development ETF during the 2nd quarter worth $35,000. Finally, Elevation Wealth Partners LLC acquired a new position in shares of Global X U.S. Infrastructure Development ETF in the 2nd quarter worth $52,000.

Global X U.S. Infrastructure Development ETF Stock Up 16.6%

Shares of Global X U.S. Infrastructure Development ETF stock opened at $48.35 on Thursday. Global X U.S. Infrastructure Development ETF has a 12-month low of $32.65 and a 12-month high of $46.26. The firm has a market capitalization of $9.55 billion, a PE ratio of 23.34 and a beta of 1.24. The stock’s fifty day moving average is $47.47 and its 200-day moving average is $45.50.

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.