Russell Investments Group Ltd. Sells 509 Shares of Global X U.S. Infrastructure Development ETF $PAVE

Russell Investments Group Ltd. lowered its stake in Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 24.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,609 shares of the company’s stock after selling 509 shares during the period. Russell Investments Group Ltd.’s holdings in Global X U.S. Infrastructure Development ETF were worth $61,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Webster Bank N. A. bought a new stake in Global X U.S. Infrastructure Development ETF in the first quarter valued at about $29,000. Arlington Trust Co LLC bought a new stake in shares of Global X U.S. Infrastructure Development ETF in the first quarter valued at about $32,000. Main Street Group LTD lifted its holdings in shares of Global X U.S. Infrastructure Development ETF by 225.8% in 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. Sunbelt Securities Inc. increased its stake in Global X U.S. Infrastructure Development ETF by 90.4% in the 4th quarter. Sunbelt Securities Inc. now owns 1,335 shares of the company’s stock valued at $54,000 after buying an additional 634 shares during the last quarter. Finally, Larson Financial Group LLC increased its position in shares of Global X U.S. Infrastructure Development ETF by 1,359.9% in the first quarter. Larson Financial Group LLC now owns 2,219 shares of the company’s stock valued at $84,000 after acquiring an additional 2,067 shares during the last quarter.

Global X U.S. Infrastructure Development ETF Stock Performance

BATS:PAVE opened at $46.61 on Friday. The stock’s 50-day simple moving average is $45.66 and its 200 day simple moving average is $41.66. The company has a market cap of $9.21 billion, a P/E ratio of 23.34 and a beta of 1.24. Global X U.S. Infrastructure Development ETF has a 52-week low of $32.65 and a 52-week high of $46.26.

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.