Northwestern Mutual Wealth Management Co. Has $62.14 Million Stock Holdings in Global X U.S. Infrastructure Development ETF $PAVE

Northwestern Mutual Wealth Management Co. lessened its holdings in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 32.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,300,242 shares of the company’s stock after selling 627,761 shares during the period. Northwestern Mutual Wealth Management Co. owned 0.66% of Global X U.S. Infrastructure Development ETF worth $62,139,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of PAVE. CIBC Bancorp USA Inc. acquired a new stake in Global X U.S. Infrastructure Development ETF during the 3rd quarter worth $163,051,000. Harel Insurance Investments & Financial Services Ltd. grew its holdings in shares of Global X U.S. Infrastructure Development ETF by 37.3% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 6,239,139 shares of the company’s stock valued at $299,095,000 after buying an additional 1,694,808 shares during the period. Bank of America Corp DE grew its holdings in shares of Global X U.S. Infrastructure Development ETF by 7.2% in the 3rd quarter. Bank of America Corp DE now owns 24,259,423 shares of the company’s stock valued at $1,155,476,000 after buying an additional 1,625,360 shares during the period. Bank of Montreal Can grew its holdings in shares of Global X U.S. Infrastructure Development ETF by 4.4% in the 3rd quarter. Bank of Montreal Can now owns 23,774,892 shares of the company’s stock valued at $1,132,398,000 after buying an additional 1,001,842 shares during the period. Finally, Moss Adams Wealth Advisors LLC grew its holdings in shares of Global X U.S. Infrastructure Development ETF by 56.7% in the 4th quarter. Moss Adams Wealth Advisors LLC now owns 1,764,263 shares of the company’s stock valued at $84,796,000 after buying an additional 638,160 shares during the period.

Global X U.S. Infrastructure Development ETF Price Performance

Shares of PAVE stock opened at $55.41 on Monday. Global X U.S. Infrastructure Development ETF has a 12-month low of $40.61 and a 12-month high of $58.55. The firm has a market capitalization of $10.95 billion, a price-to-earnings ratio of 23.34 and a beta of 1.24. The firm has a fifty day moving average of $53.44 and a 200-day moving average of $51.40.

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. PAVE was launched on Mar 6, 2017 and is managed by Global X.