Sanctuary Advisors LLC Has $6.93 Million Position in Global X U.S. Infrastructure Development ETF $PAVE

Sanctuary Advisors LLC lessened its stake in Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 38.2% in the 1st quarter, HoldingsChannel.com reports. The firm owned 136,414 shares of the company’s stock after selling 84,257 shares during the period. Sanctuary Advisors LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $6,931,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of PAVE. Darwin Wealth Management LLC bought a new position in Global X U.S. Infrastructure Development ETF in the 2nd quarter valued at $25,000. NBT Bank N A NY bought a new stake in shares of Global X U.S. Infrastructure Development ETF during the first quarter worth $29,000. eCIO Inc. acquired a new position in shares of Global X U.S. Infrastructure Development ETF during the fourth quarter valued at $27,000. Fortitude Family Office LLC acquired a new position in shares of Global X U.S. Infrastructure Development ETF during the fourth quarter valued at $33,000. Finally, Millstone Evans Group LLC bought a new position in Global X U.S. Infrastructure Development ETF in the fourth quarter valued at about $33,000.

Global X U.S. Infrastructure Development ETF Stock Down 0.8%

Shares of PAVE stock opened at $56.30 on Friday. The stock has a 50-day moving average price of $56.91 and a 200 day moving average price of $54.17. The firm has a market cap of $11.12 billion, a price-to-earnings ratio of 23.34 and a beta of 1.24. Global X U.S. Infrastructure Development ETF has a 12 month low of $44.28 and a 12 month high of $60.43.

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.