Royal Bank of Canada Cuts Holdings in Global X U.S. Infrastructure Development ETF (BATS:PAVE)

Royal Bank of Canada reduced its position in Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 1.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,606,273 shares of the company’s stock after selling 31,449 shares during the quarter. Royal Bank of Canada owned about 0.84% of Global X U.S. Infrastructure Development ETF worth $64,909,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in PAVE. Bank of Montreal Can raised its position in Global X U.S. Infrastructure Development ETF by 10.7% in the fourth quarter. Bank of Montreal Can now owns 22,235,543 shares of the company’s stock valued at $898,538,000 after purchasing an additional 2,158,009 shares during the period. Clal Insurance Enterprises Holdings Ltd raised its position in Global X U.S. Infrastructure Development ETF by 24.6% in the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 7,418,750 shares of the company’s stock valued at $300,890,000 after purchasing an additional 1,464,000 shares during the period. LPL Financial LLC raised its position in Global X U.S. Infrastructure Development ETF by 21.3% in the fourth quarter. LPL Financial LLC now owns 6,776,463 shares of the company’s stock valued at $273,837,000 after purchasing an additional 1,191,666 shares during the period. JPMorgan Chase & Co. raised its position in Global X U.S. Infrastructure Development ETF by 752.6% in the fourth quarter. JPMorgan Chase & Co. now owns 5,604,605 shares of the company’s stock valued at $226,482,000 after purchasing an additional 4,947,263 shares during the period. Finally, Principal Financial Group Inc. raised its position in Global X U.S. Infrastructure Development ETF by 40.0% in the fourth quarter. Principal Financial Group Inc. now owns 3,479,800 shares of the company’s stock valued at $140,619,000 after purchasing an additional 994,800 shares during the period.

Global X U.S. Infrastructure Development ETF Price Performance

BATS:PAVE opened at $42.10 on Wednesday. The business’s 50-day moving average is $38.18 and its two-hundred day moving average is $40.81. Global X U.S. Infrastructure Development ETF has a 12 month low of $32.65 and a 12 month high of $46.18. The firm has a market capitalization of $8.15 billion, a PE ratio of 23.02 and a beta of 1.24.

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.