Sovran Advisors LLC Sells 43,092 Shares of Global X U.S. Infrastructure Development ETF $PAVE

Sovran Advisors LLC decreased its stake in Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 69.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,576 shares of the company’s stock after selling 43,092 shares during the quarter. Sovran Advisors LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $955,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of PAVE. Bank of America Corp DE raised its stake in Global X U.S. Infrastructure Development ETF by 7.2% during the third quarter. Bank of America Corp DE now owns 24,259,423 shares of the company’s stock worth $1,155,476,000 after acquiring an additional 1,625,360 shares in the last quarter. Bank of Montreal Can boosted its stake in shares of Global X U.S. Infrastructure Development ETF by 4.4% in the 3rd quarter. Bank of Montreal Can now owns 23,774,892 shares of the company’s stock valued at $1,132,398,000 after purchasing an additional 1,001,842 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Global X U.S. Infrastructure Development ETF by 4.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,630,122 shares of the company’s stock valued at $172,903,000 after purchasing an additional 145,059 shares in the last quarter. CIBC Bancorp USA Inc. bought a new stake in shares of Global X U.S. Infrastructure Development ETF in the 3rd quarter worth about $163,051,000. Finally, CIBC Private Wealth Group LLC grew its holdings in shares of Global X U.S. Infrastructure Development ETF by 5.8% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 3,422,644 shares of the company’s stock worth $163,021,000 after purchasing an additional 187,627 shares during the last quarter.

Global X U.S. Infrastructure Development ETF Price Performance

Shares of Global X U.S. Infrastructure Development ETF stock opened at $51.30 on Monday. Global X U.S. Infrastructure Development ETF has a 12-month low of $32.65 and a 12-month high of $56.74. The stock has a market capitalization of $10.13 billion, a P/E ratio of 23.34 and a beta of 1.24. The company has a 50-day simple moving average of $52.59 and a 200 day simple moving average of $49.82.

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.