GenTrust LLC Lowers Stake in Global X U.S. Infrastructure Development ETF $PAVE

GenTrust LLC reduced its holdings in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 49.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,385 shares of the company’s stock after selling 7,255 shares during the period. GenTrust LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $323,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of PAVE. Sequoia Financial Advisors LLC raised its holdings in Global X U.S. Infrastructure Development ETF by 1.3% in the second quarter. Sequoia Financial Advisors LLC now owns 17,961 shares of the company’s stock worth $783,000 after buying an additional 225 shares during the last quarter. Jacobi Capital Management LLC raised its holdings in Global X U.S. Infrastructure Development ETF by 2.4% in the first quarter. Jacobi Capital Management LLC now owns 10,897 shares of the company’s stock worth $411,000 after buying an additional 256 shares during the last quarter. International Assets Investment Management LLC raised its holdings in Global X U.S. Infrastructure Development ETF by 3.6% in the first quarter. International Assets Investment Management LLC now owns 7,682 shares of the company’s stock worth $290,000 after buying an additional 267 shares during the last quarter. Insight Advisors LLC PA raised its holdings in Global X U.S. Infrastructure Development ETF by 0.9% in the second quarter. Insight Advisors LLC PA now owns 28,739 shares of the company’s stock worth $1,252,000 after buying an additional 270 shares during the last quarter. Finally, IFG Advisory LLC raised its holdings in Global X U.S. Infrastructure Development ETF by 3.4% in the first quarter. IFG Advisory LLC now owns 8,287 shares of the company’s stock worth $313,000 after buying an additional 274 shares during the last quarter.

Global X U.S. Infrastructure Development ETF Stock Performance

Shares of Global X U.S. Infrastructure Development ETF stock opened at $47.92 on Friday. The stock has a market capitalization of $9.47 billion, a PE ratio of 23.34 and a beta of 1.24. Global X U.S. Infrastructure Development ETF has a 52-week low of $32.65 and a 52-week high of $46.26. The company has a 50-day simple moving average of $46.93 and a two-hundred day simple moving average of $43.69.

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.