Congress Asset Management Co. Sells 1,378 Shares of Global X U.S. Infrastructure Development ETF $PAVE

Congress Asset Management Co. reduced its position in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 3.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 34,221 shares of the company’s stock after selling 1,378 shares during the period. Congress Asset Management Co.’s holdings in Global X U.S. Infrastructure Development ETF were worth $1,491,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Jacobi Capital Management LLC grew its holdings in Global X U.S. Infrastructure Development ETF by 2.4% during the first quarter. Jacobi Capital Management LLC now owns 10,897 shares of the company’s stock valued at $411,000 after purchasing an additional 256 shares during the period. International Assets Investment Management LLC raised its holdings in Global X U.S. Infrastructure Development ETF by 3.6% during the 1st quarter. International Assets Investment Management LLC now owns 7,682 shares of the company’s stock valued at $290,000 after acquiring an additional 267 shares during the period. IFG Advisory LLC lifted its position in shares of Global X U.S. Infrastructure Development ETF by 3.4% during the first quarter. IFG Advisory LLC now owns 8,287 shares of the company’s stock worth $313,000 after acquiring an additional 274 shares in the last quarter. Choreo LLC raised its stake in shares of Global X U.S. Infrastructure Development ETF by 1.6% during the 1st quarter. Choreo LLC now owns 18,317 shares of the company’s stock valued at $691,000 after purchasing an additional 281 shares during the period. Finally, Kovitz Investment Group Partners LLC boosted its stake in Global X U.S. Infrastructure Development ETF by 4.7% in the 1st quarter. Kovitz Investment Group Partners LLC now owns 6,950 shares of the company’s stock worth $262,000 after purchasing an additional 313 shares during the period.

Global X U.S. Infrastructure Development ETF Stock Up 13.6%

Shares of PAVE opened at $47.10 on Friday. Global X U.S. Infrastructure Development ETF has a twelve month low of $32.65 and a twelve month high of $46.26. The stock has a market cap of $9.31 billion, a PE ratio of 23.34 and a beta of 1.24. The business’s 50-day moving average price is $46.31 and its 200-day moving average price is $42.39.

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.