Austin Wealth Management LLC cut its position in Global X U.S. Infrastructure Development ETF (BATS:PAVE – Free Report) by 4.2% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 94,537 shares of the company’s stock after selling 4,094 shares during the quarter. Austin Wealth Management LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $4,319,000 at the end of the most recent reporting period.
Several other hedge funds have also modified their holdings of PAVE. Atlantic Union Bankshares Corp bought a new position in shares of Global X U.S. Infrastructure Development ETF during the 2nd quarter worth approximately $26,000. Private Wealth Asset Management LLC purchased a new position in Global X U.S. Infrastructure Development ETF during the 2nd quarter worth $32,000. Global Trust Asset Management LLC purchased a new stake in shares of Global X U.S. Infrastructure Development ETF during the second quarter worth about $35,000. Elevation Wealth Partners LLC purchased a new position in shares of Global X U.S. Infrastructure Development ETF in the 2nd quarter valued at approximately $52,000. Finally, Trust Co. of Toledo NA OH purchased a new position in shares of Global X U.S. Infrastructure Development ETF in the 2nd quarter valued at approximately $53,000.
Global X U.S. Infrastructure Development ETF Trading Up 15.5%
BATS:PAVE opened at $47.89 on Wednesday. Global X U.S. Infrastructure Development ETF has a twelve month low of $32.65 and a twelve month high of $46.26. The company has a market cap of $9.46 billion, a PE ratio of 23.34 and a beta of 1.24. The company’s 50 day moving average is $47.37 and its two-hundred day moving average is $44.94.
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.
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