Exchange Traded Concepts LLC Decreases Stake in Global X U.S. Infrastructure Development ETF $PAVE

Exchange Traded Concepts LLC reduced its position in Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 13.9% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 152,896 shares of the company’s stock after selling 24,786 shares during the period. Exchange Traded Concepts LLC owned 0.08% of Global X U.S. Infrastructure Development ETF worth $7,282,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PAVE. Matauro LLC raised its position in shares of Global X U.S. Infrastructure Development ETF by 3.8% in the third quarter. Matauro LLC now owns 14,253 shares of the company’s stock valued at $679,000 after purchasing an additional 517 shares during the period. Castleview Partners LLC grew its stake in Global X U.S. Infrastructure Development ETF by 81.9% in the 3rd quarter. Castleview Partners LLC now owns 20,389 shares of the company’s stock valued at $971,000 after buying an additional 9,180 shares in the last quarter. Focus Financial Network Inc. raised its holdings in Global X U.S. Infrastructure Development ETF by 7.4% during the 3rd quarter. Focus Financial Network Inc. now owns 37,693 shares of the company’s stock valued at $1,795,000 after acquiring an additional 2,609 shares during the period. Signal Advisors Wealth LLC purchased a new stake in shares of Global X U.S. Infrastructure Development ETF during the third quarter worth $227,000. Finally, Secure Asset Management LLC boosted its holdings in shares of Global X U.S. Infrastructure Development ETF by 8.1% in the third quarter. Secure Asset Management LLC now owns 10,750 shares of the company’s stock worth $512,000 after acquiring an additional 810 shares during the period.

Global X U.S. Infrastructure Development ETF Stock Performance

Shares of BATS PAVE opened at $49.14 on Wednesday. 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 stock has a market cap of $9.71 billion, a PE ratio of 23.34 and a beta of 1.24. The stock has a fifty day moving average of $47.96 and a 200-day moving average of $46.43.

Global X U.S. Infrastructure Development ETF 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.