APS Management Group Inc. Cuts Position in Global X U.S. Infrastructure Development ETF $PAVE

APS Management Group Inc. lessened its holdings in Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 28.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,154 shares of the company’s stock after selling 14,993 shares during the period. Global X U.S. Infrastructure Development ETF comprises about 1.6% of APS Management Group Inc.’s portfolio, making the stock its 16th largest holding. APS Management Group Inc.’s holdings in Global X U.S. Infrastructure Development ETF were worth $1,823,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Breachway Investments LLC purchased a new stake in Global X U.S. Infrastructure Development ETF during the 4th quarter worth approximately $1,234,000. PFG Advisors increased its stake in Global X U.S. Infrastructure Development ETF by 1.1% during the 4th quarter. PFG Advisors now owns 79,173 shares of the company’s stock worth $3,784,000 after buying an additional 868 shares in the last quarter. TD Waterhouse Canada Inc. increased its stake in Global X U.S. Infrastructure Development ETF by 22.5% during the 4th quarter. TD Waterhouse Canada Inc. now owns 21,002 shares of the company’s stock worth $1,004,000 after buying an additional 3,856 shares in the last quarter. Berger Financial Group Inc increased its stake in Global X U.S. Infrastructure Development ETF by 22.9% during the 4th quarter. Berger Financial Group Inc now owns 6,115 shares of the company’s stock worth $292,000 after buying an additional 1,141 shares in the last quarter. Finally, ZEGA Investments LLC purchased a new stake in Global X U.S. Infrastructure Development ETF during the 4th quarter worth approximately $212,000.

Global X U.S. Infrastructure Development ETF Trading Down 0.4%

BATS:PAVE opened at $55.24 on Wednesday. Global X U.S. Infrastructure Development ETF has a 12 month low of $35.66 and a 12 month high of $56.74. The stock has a 50 day moving average of $53.00 and a two-hundred day moving average of $50.41. The firm has a market cap of $10.91 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.