BigSur Wealth Management LLC Decreases Stock Position in Global X U.S. Infrastructure Development ETF $PAVE

BigSur Wealth Management LLC reduced its holdings in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 30.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,810 shares of the company’s stock after selling 13,600 shares during the quarter. BigSur Wealth Management LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $1,467,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of PAVE. Moss Adams Wealth Advisors LLC grew its holdings in Global X U.S. Infrastructure Development ETF by 1.5% in the 2nd quarter. Moss Adams Wealth Advisors LLC now owns 1,041,197 shares of the company’s stock valued at $45,469,000 after buying an additional 15,268 shares during the period. GAMMA Investing LLC purchased a new stake in Global X U.S. Infrastructure Development ETF during the 2nd quarter worth $71,000. PMG Wealth Management Inc. acquired a new stake in Global X U.S. Infrastructure Development ETF during the 2nd quarter valued at approximately $3,922,000. Barnes Pettey Financial Advisors LLC acquired a new position in Global X U.S. Infrastructure Development ETF during the 2nd quarter worth $206,000. Finally, B. Riley Wealth Advisors Inc. bought a new stake in shares of Global X U.S. Infrastructure Development ETF in the 2nd quarter worth about $720,000.

Global X U.S. Infrastructure Development ETF Stock Performance

Shares of PAVE stock opened at $49.06 on Tuesday. The stock has a market capitalization of $9.69 billion, a price-to-earnings ratio of 23.34 and a beta of 1.24. Global X U.S. Infrastructure Development ETF has a one year low of $32.65 and a one year high of $46.26. The company’s 50-day simple moving average is $47.93 and its 200-day simple moving average is $46.38.

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