RFG Advisory LLC trimmed its position in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE – Free Report) by 73.7% during the second quarter, Holdings Channel reports. The firm owned 11,256 shares of the company’s stock after selling 31,493 shares during the quarter. RFG Advisory LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $491,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of PAVE. Citigroup Inc. boosted its position in Global X U.S. Infrastructure Development ETF by 2,086.2% during the first quarter. Citigroup Inc. now owns 1,325,328 shares of the company’s stock worth $50,005,000 after purchasing an additional 1,264,705 shares in the last quarter. Principal Financial Group Inc. boosted its position in Global X U.S. Infrastructure Development ETF by 7.5% during the first quarter. Principal Financial Group Inc. now owns 3,740,600 shares of the company’s stock worth $141,133,000 after purchasing an additional 260,800 shares in the last quarter. HighTower Advisors LLC boosted its position in Global X U.S. Infrastructure Development ETF by 35.0% during the first quarter. HighTower Advisors LLC now owns 768,330 shares of the company’s stock worth $28,989,000 after purchasing an additional 199,384 shares in the last quarter. Exchange Traded Concepts LLC purchased a new stake in Global X U.S. Infrastructure Development ETF during the second quarter worth $7,743,000. Finally, 5th Street Advisors LLC boosted its position in Global X U.S. Infrastructure Development ETF by 1,659.0% during the first quarter. 5th Street Advisors LLC now owns 153,154 shares of the company’s stock worth $5,778,000 after purchasing an additional 144,447 shares in the last quarter.
Global X U.S. Infrastructure Development ETF Stock Performance
PAVE opened at $47.18 on Friday. The business’s fifty day moving average is $46.83 and its two-hundred day moving average is $43.33. The company has a market cap of $9.32 billion, a price-to-earnings ratio of 23.34 and a beta of 1.24. Global X U.S. Infrastructure Development ETF has a one year low of $32.65 and a one 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.
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