Global X U.S. Infrastructure Development ETF (BATS:PAVE) Shares Sold by Advisor Resource Council

Advisor Resource Council decreased its stake in Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 81.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,094 shares of the company’s stock after selling 121,898 shares during the quarter. Advisor Resource Council’s holdings in Global X U.S. Infrastructure Development ETF were worth $1,118,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. raised its stake in Global X U.S. Infrastructure Development ETF by 25.9% during the third quarter. JPMorgan Chase & Co. now owns 4,532,657 shares of the company’s stock worth $137,702,000 after purchasing an additional 932,741 shares during the period. Schroder Investment Management Group purchased a new stake in shares of Global X U.S. Infrastructure Development ETF in the 3rd quarter valued at approximately $14,964,000. Congress Wealth Management LLC DE raised its stake in shares of Global X U.S. Infrastructure Development ETF by 18.6% in the 4th quarter. Congress Wealth Management LLC DE now owns 2,956,322 shares of the company’s stock valued at $101,875,000 after acquiring an additional 463,636 shares during the period. Meitav Investment House Ltd. raised its stake in shares of Global X U.S. Infrastructure Development ETF by 23.3% in the 4th quarter. Meitav Investment House Ltd. now owns 2,104,227 shares of the company’s stock valued at $72,746,000 after acquiring an additional 397,578 shares during the period. Finally, CIBC Private Wealth Group LLC raised its stake in shares of Global X U.S. Infrastructure Development ETF by 15.7% in the 4th quarter. CIBC Private Wealth Group LLC now owns 2,679,566 shares of the company’s stock valued at $92,338,000 after acquiring an additional 362,821 shares during the period.

Global X U.S. Infrastructure Development ETF Stock Performance

Shares of Global X U.S. Infrastructure Development ETF stock traded up $0.31 on Thursday, reaching $36.92. The company had a trading volume of 554,338 shares. The firm’s 50 day moving average price is $38.07 and its two-hundred day moving average price is $37.02. The firm has a market cap of $7.07 billion, a PE ratio of 20.28 and a beta of 1.13. Global X U.S. Infrastructure Development ETF has a 52-week low of $13.80 and a 52-week high of $17.80.

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.