Financial Partners Group Inc Reduces Holdings in Global X U.S. Infrastructure Development ETF (BATS:PAVE)

Financial Partners Group Inc lowered its stake in Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 3.1% during the second quarter, Holdings Channel.com reports. The institutional investor owned 144,238 shares of the company’s stock after selling 4,578 shares during the period. Financial Partners Group Inc’s holdings in Global X U.S. Infrastructure Development ETF were worth $5,340,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Simplicity Solutions LLC purchased a new stake in shares of Global X U.S. Infrastructure Development ETF in the fourth quarter valued at $386,000. Paladin Advisory Group LLC boosted its stake in shares of Global X U.S. Infrastructure Development ETF by 0.6% during the 4th quarter. Paladin Advisory Group LLC now owns 69,904 shares of the company’s stock worth $2,409,000 after purchasing an additional 404 shares during the last quarter. Castle Wealth Management LLC boosted its stake in shares of Global X U.S. Infrastructure Development ETF by 73.4% during the 4th quarter. Castle Wealth Management LLC now owns 19,403 shares of the company’s stock worth $672,000 after purchasing an additional 8,214 shares during the last quarter. Signaturefd LLC raised its position in shares of Global X U.S. Infrastructure Development ETF by 474.1% in the fourth quarter. Signaturefd LLC now owns 2,928 shares of the company’s stock valued at $101,000 after buying an additional 2,418 shares during the last quarter. Finally, Riggs Asset Managment Co. Inc. lifted its stake in shares of Global X U.S. Infrastructure Development ETF by 38.3% during the fourth quarter. Riggs Asset Managment Co. Inc. now owns 445,226 shares of the company’s stock valued at $15,342,000 after buying an additional 123,382 shares during the period.

Global X U.S. Infrastructure Development ETF Stock Performance

BATS PAVE traded down $0.15 during mid-day trading on Friday, reaching $38.08. 591,049 shares of the stock were exchanged. The stock has a market capitalization of $7.29 billion, a PE ratio of 20.28 and a beta of 1.13. Global X U.S. Infrastructure Development ETF has a 1-year low of $13.80 and a 1-year high of $17.80. The business’s fifty day simple moving average is $37.74 and its 200 day simple moving average is $37.93.

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.