Global X U.S. Infrastructure Development ETF (BATS:PAVE) Shares Sold by Truist Financial Corp

Truist Financial Corp decreased its holdings in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 16.8% during the 4th quarter, HoldingsChannel.com reports. The fund owned 80,902 shares of the company’s stock after selling 16,315 shares during the period. Truist Financial Corp’s holdings in Global X U.S. Infrastructure Development ETF were worth $2,788,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. U S Global Investors Inc. acquired a new position in shares of Global X U.S. Infrastructure Development ETF during the fourth quarter worth about $34,000. Crewe Advisors LLC lifted its position in Global X U.S. Infrastructure Development ETF by 1,094.0% during the 3rd quarter. Crewe Advisors LLC now owns 1,003 shares of the company’s stock worth $30,000 after acquiring an additional 919 shares in the last quarter. Register Financial Advisors LLC purchased a new position in Global X U.S. Infrastructure Development ETF in the 4th quarter worth approximately $35,000. Fifth Third Bancorp acquired a new stake in Global X U.S. Infrastructure Development ETF in the third quarter valued at approximately $34,000. Finally, Trifecta Capital Advisors LLC purchased a new stake in shares of Global X U.S. Infrastructure Development ETF during the third quarter valued at approximately $44,000.

Global X U.S. Infrastructure Development ETF Price Performance

Global X U.S. Infrastructure Development ETF stock opened at $38.68 on Wednesday. Global X U.S. Infrastructure Development ETF has a 12-month low of $13.80 and a 12-month high of $17.80. The company has a market capitalization of $7.41 billion, a price-to-earnings ratio of 20.28 and a beta of 1.13. The firm’s fifty day moving average price is $38.46 and its 200 day moving average price is $34.97.

Global X U.S. Infrastructure Development ETF Company 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.