Fifth Third Securities Inc. Has $4.39 Million Holdings in Global X U.S. Infrastructure Development ETF $PAVE

Fifth Third Securities Inc. trimmed its stake in Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 23.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 92,155 shares of the company’s stock after selling 27,757 shares during the period. Fifth Third Securities Inc.’s holdings in Global X U.S. Infrastructure Development ETF were worth $4,389,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Laurel Wealth Advisors LLC increased its stake in shares of Global X U.S. Infrastructure Development ETF by 4,209.9% in the second quarter. Laurel Wealth Advisors LLC now owns 2,694,465 shares of the company’s stock valued at $117,425,000 after buying an additional 2,631,947 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Global X U.S. Infrastructure Development ETF by 281.3% in the second quarter. JPMorgan Chase & Co. now owns 3,485,063 shares of the company’s stock worth $151,879,000 after acquiring an additional 2,570,976 shares during the period. RiverFront Investment Group LLC boosted its holdings in Global X U.S. Infrastructure Development ETF by 67.4% in the second quarter. RiverFront Investment Group LLC now owns 1,380,457 shares of the company’s stock valued at $60,160,000 after acquiring an additional 555,867 shares during the last quarter. Envestnet Asset Management Inc. increased its position in Global X U.S. Infrastructure Development ETF by 27.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 2,013,659 shares of the company’s stock valued at $87,755,000 after purchasing an additional 430,335 shares during the period. Finally, CW Advisors LLC increased its position in Global X U.S. Infrastructure Development ETF by 19.4% during the 2nd quarter. CW Advisors LLC now owns 1,401,130 shares of the company’s stock valued at $61,061,000 after purchasing an additional 227,349 shares during the period.

Global X U.S. Infrastructure Development ETF Stock Performance

Shares of BATS PAVE opened at $48.55 on Friday. The company’s 50 day moving average price is $47.89 and its 200-day moving average price is $46.31. Global X U.S. Infrastructure Development ETF has a 52-week low of $32.65 and a 52-week high of $46.26. The company has a market capitalization of $9.59 billion, a P/E ratio of 23.34 and a beta of 1.24.

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. PAVE was launched on Mar 6, 2017 and is managed by Global X.