Global X U.S. Infrastructure Development ETF $PAVE Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC reduced its position in Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 5.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,145,707 shares of the company’s stock after selling 60,913 shares during the quarter. Commonwealth Equity Services LLC owned approximately 0.58% of Global X U.S. Infrastructure Development ETF worth $54,570,000 at the end of the most recent quarter.

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

Global X U.S. Infrastructure Development ETF Stock Up 20.6%

Shares of BATS:PAVE opened at $49.98 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 firm has a 50-day simple moving average of $48.17 and a 200 day simple moving average of $46.90. The company has a market cap of $9.87 billion, a PE 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.