Global X U.S. Infrastructure Development ETF $PAVE Shares Sold by Ameritas Advisory Services LLC

Ameritas Advisory Services LLC cut its holdings in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 93.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 25,997 shares of the company’s stock after selling 383,337 shares during the quarter. Ameritas Advisory Services LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $1,238,000 at the end of the most recent reporting period.

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

Global X U.S. Infrastructure Development ETF Stock Performance

BATS:PAVE opened at $55.12 on Friday. The stock has a market capitalization of $10.89 billion, a PE ratio of 23.34 and a beta of 1.24. Global X U.S. Infrastructure Development ETF has a fifty-two week low of $32.65 and a fifty-two week high of $56.74. The company has a fifty day moving average of $50.57 and a two-hundred day moving average of $48.27.

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.