Systelligence LLC reduced its stake in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE – Free Report) by 62.2% in the first quarter, HoldingsChannel.com reports. The firm owned 37,032 shares of the company’s stock after selling 60,941 shares during the period. Systelligence LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $1,882,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Bank of Montreal Can boosted its position in shares of Global X U.S. Infrastructure Development ETF by 3.7% during the fourth quarter. Bank of Montreal Can now owns 24,643,304 shares of the company’s stock valued at $1,177,704,000 after buying an additional 868,412 shares during the last quarter. Bank of America Corp DE raised its position in Global X U.S. Infrastructure Development ETF by 7.2% in the 3rd quarter. Bank of America Corp DE now owns 24,259,423 shares of the company’s stock valued at $1,155,476,000 after buying an additional 1,625,360 shares during the last quarter. Morgan Stanley lifted its stake in Global X U.S. Infrastructure Development ETF by 2.9% during the 4th quarter. Morgan Stanley now owns 10,218,475 shares of the company’s stock valued at $488,341,000 after acquiring an additional 288,691 shares in the last quarter. LPL Financial LLC lifted its stake in Global X U.S. Infrastructure Development ETF by 4.7% during the 4th quarter. LPL Financial LLC now owns 7,627,988 shares of the company’s stock valued at $364,542,000 after acquiring an additional 340,014 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. boosted its holdings in Global X U.S. Infrastructure Development ETF by 37.3% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 6,239,139 shares of the company’s stock worth $299,095,000 after acquiring an additional 1,694,808 shares during the last quarter.
Global X U.S. Infrastructure Development ETF Price Performance
BATS PAVE opened at $58.84 on Friday. The company has a fifty day moving average price of $56.61 and a 200-day moving average price of $53.31. The firm has a market cap of $11.62 billion, a price-to-earnings ratio of 23.34 and a beta of 1.24. Global X U.S. Infrastructure Development ETF has a 1 year low of $43.32 and a 1 year high of $60.43.
About Global X U.S. Infrastructure Development ETF
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.
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