Financial Counselors Inc. Has $993,000 Stake in Global X U.S. Infrastructure Development ETF (BATS:PAVE)

Financial Counselors Inc. trimmed its holdings in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 4.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,129 shares of the company’s stock after selling 1,066 shares during the period. Financial Counselors Inc.’s holdings in Global X U.S. Infrastructure Development ETF were worth $993,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of PAVE. Farmers & Merchants Investments Inc. grew its position in shares of Global X U.S. Infrastructure Development ETF by 1,029.7% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 723 shares of the company’s stock worth $27,000 after buying an additional 659 shares during the period. Blue Trust Inc. grew its holdings in Global X U.S. Infrastructure Development ETF by 164.9% during the second quarter. Blue Trust Inc. now owns 816 shares of the company’s stock valued at $32,000 after purchasing an additional 508 shares during the period. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Global X U.S. Infrastructure Development ETF in the second quarter valued at approximately $33,000. First PREMIER Bank bought a new position in shares of Global X U.S. Infrastructure Development ETF during the third quarter worth $39,000. Finally, Howe & Rusling Inc. acquired a new position in shares of Global X U.S. Infrastructure Development ETF in the 3rd quarter valued at $39,000.

Global X U.S. Infrastructure Development ETF Stock Up 0.4 %

PAVE opened at $45.75 on Friday. Global X U.S. Infrastructure Development ETF has a 12 month low of $13.80 and a 12 month high of $17.80. The stock has a market cap of $8.76 billion, a P/E ratio of 20.28 and a beta of 1.13. The company has a fifty day simple moving average of $42.68 and a 200 day simple moving average of $39.72.

Global X U.S. Infrastructure Development ETF Company 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.