Koa Wealth Management LLC Lowers Holdings in Global X U.S. Infrastructure Development ETF (BATS:PAVE)

Koa Wealth Management LLC lowered its holdings in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 3.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,723 shares of the company’s stock after selling 1,297 shares during the quarter. Koa Wealth Management LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $1,470,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in PAVE. Farmers & Merchants Investments Inc. boosted its holdings 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 valued at $27,000 after purchasing an additional 659 shares during the last quarter. Blue Trust Inc. lifted its position in shares of Global X U.S. Infrastructure Development ETF by 164.9% in the second quarter. Blue Trust Inc. now owns 816 shares of the company’s stock worth $32,000 after buying an additional 508 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new position in Global X U.S. Infrastructure Development ETF during the second quarter valued at approximately $33,000. First PREMIER Bank purchased a new position in Global X U.S. Infrastructure Development ETF during the 3rd quarter valued at approximately $39,000. Finally, Mather Group LLC. bought a new stake in Global X U.S. Infrastructure Development ETF in the 2nd quarter worth approximately $42,000.

Global X U.S. Infrastructure Development ETF Stock Down 0.6 %

PAVE stock opened at $43.81 on Friday. Global X U.S. Infrastructure Development ETF has a 52 week low of $13.80 and a 52 week high of $17.80. The firm has a market capitalization of $8.39 billion, a P/E ratio of 20.28 and a beta of 1.13. The company has a fifty day simple moving average of $41.44 and a two-hundred day simple moving average of $39.26.

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.