Hsbc Holdings PLC Sells 15,300 Shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE)

Hsbc Holdings PLC trimmed its position in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE – Get Rating) by 63.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,725 shares of the company’s stock after selling 15,300 shares during the period. Hsbc Holdings PLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $201,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Zions Bancorporation N.A. bought a new stake in shares of Global X U.S. Infrastructure Development ETF during the first quarter valued at approximately $31,000. Castle Wealth Management LLC boosted its stake in shares of Global X U.S. Infrastructure Development ETF by 353.0% in the third quarter. Castle Wealth Management LLC now owns 2,727 shares of the company’s stock worth $63,000 after acquiring an additional 2,125 shares during the period. Simplex Trading LLC boosted its stake in shares of Global X U.S. Infrastructure Development ETF by 22.0% in the third quarter. Simplex Trading LLC now owns 4,348 shares of the company’s stock worth $100,000 after acquiring an additional 784 shares during the period. Coastal Investment Advisors Inc. bought a new position in Global X U.S. Infrastructure Development ETF during the third quarter valued at approximately $130,000. Finally, Private Trust Co. NA bought a new position in Global X U.S. Infrastructure Development ETF during the second quarter valued at approximately $144,000.

Global X U.S. Infrastructure Development ETF Price Performance

Shares of PAVE stock opened at $28.00 on Friday. The stock’s 50 day simple moving average is $28.60 and its two-hundred day simple moving average is $26.83. Global X U.S. Infrastructure Development ETF has a 1 year low of $13.80 and a 1 year high of $17.80. The company has a market cap of $3.68 billion, a PE ratio of 10.90 and a beta of 1.28.

About Global X U.S. Infrastructure Development ETF

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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.