US Bancorp DE Sells 3,337 Shares of Global X U.S. Infrastructure Development ETF $PAVE

US Bancorp DE reduced its stake in Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 7.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 40,528 shares of the company’s stock after selling 3,337 shares during the period. US Bancorp DE’s holdings in Global X U.S. Infrastructure Development ETF were worth $1,766,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Vontobel Holding Ltd. boosted its stake in shares of Global X U.S. Infrastructure Development ETF by 22.7% in the first quarter. Vontobel Holding Ltd. now owns 7,252 shares of the company’s stock valued at $274,000 after buying an additional 1,340 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Global X U.S. Infrastructure Development ETF by 8.3% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 74,870 shares of the company’s stock valued at $2,825,000 after buying an additional 5,755 shares during the period. Dynamic Advisor Solutions LLC boosted its stake in shares of Global X U.S. Infrastructure Development ETF by 5.7% in the first quarter. Dynamic Advisor Solutions LLC now owns 8,011 shares of the company’s stock valued at $302,000 after buying an additional 429 shares during the period. Chicago Partners Investment Group LLC bought a new stake in shares of Global X U.S. Infrastructure Development ETF in the first quarter valued at approximately $632,000. Finally, Moss Adams Wealth Advisors LLC boosted its stake in shares of Global X U.S. Infrastructure Development ETF by 1.5% in the second quarter. Moss Adams Wealth Advisors LLC now owns 1,041,197 shares of the company’s stock valued at $45,469,000 after buying an additional 15,268 shares during the period.

Global X U.S. Infrastructure Development ETF Trading Up 15.2%

Shares of PAVE stock opened at $47.77 on Thursday. The stock has a market cap of $9.44 billion, a P/E ratio of 23.34 and a beta of 1.24. The stock has a 50 day simple moving average of $46.76 and a 200 day simple moving average of $43.23. Global X U.S. Infrastructure Development ETF has a 1 year low of $32.65 and a 1 year high of $46.26.

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.