Cerity Partners LLC Sells 183,992 Shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE)

Cerity Partners LLC trimmed its holdings in Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 93.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,086 shares of the company’s stock after selling 183,992 shares during the period. Cerity Partners LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $494,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Webster Bank N. A. bought a new position in shares of Global X U.S. Infrastructure Development ETF during the first quarter valued at about $29,000. Arlington Trust Co LLC bought a new position in shares of Global X U.S. Infrastructure Development ETF during the first quarter valued at about $32,000. Glass Jacobson Investment Advisors llc lifted its position in shares of Global X U.S. Infrastructure Development ETF by 698.6% during the fourth quarter. Glass Jacobson Investment Advisors llc now owns 1,182 shares of the company’s stock valued at $48,000 after purchasing an additional 1,034 shares in the last quarter. Main Street Group LTD lifted its position in shares of Global X U.S. Infrastructure Development ETF by 225.8% during the fourth quarter. Main Street Group LTD now owns 1,313 shares of the company’s stock valued at $53,000 after purchasing an additional 910 shares in the last quarter. Finally, Sunbelt Securities Inc. lifted its position in shares of Global X U.S. Infrastructure Development ETF by 90.4% during the fourth quarter. Sunbelt Securities Inc. now owns 1,335 shares of the company’s stock valued at $54,000 after purchasing an additional 634 shares in the last quarter.

Global X U.S. Infrastructure Development ETF Price Performance

PAVE opened at $46.87 on Friday. The company’s 50-day moving average is $43.31 and its 200 day moving average is $40.83. Global X U.S. Infrastructure Development ETF has a fifty-two week low of $32.65 and a fifty-two week high of $46.26. The firm has a market capitalization of $9.26 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.