Atria Investments Inc Sells 34,933 Shares of Global X U.S. Infrastructure Development ETF $PAVE

Atria Investments Inc trimmed its position in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 68.5% in the second quarter, Holdings Channel reports. The fund owned 16,067 shares of the company’s stock after selling 34,933 shares during the quarter. Atria Investments Inc’s holdings in Global X U.S. Infrastructure Development ETF were worth $700,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PAVE. Spire Wealth Management boosted its stake in Global X U.S. Infrastructure Development ETF by 13.1% in the 2nd quarter. Spire Wealth Management now owns 31,916 shares of the company’s stock valued at $1,391,000 after buying an additional 3,692 shares in the last quarter. Flagship Harbor Advisors LLC lifted its holdings in Global X U.S. Infrastructure Development ETF by 7.4% during the 2nd quarter. Flagship Harbor Advisors LLC now owns 10,908 shares of the company’s stock valued at $475,000 after purchasing an additional 753 shares during the last quarter. Whalen Wealth Management Inc. acquired a new position in Global X U.S. Infrastructure Development ETF in the second quarter valued at about $354,000. Clark Asset Management LLC acquired a new position in Global X U.S. Infrastructure Development ETF in the second quarter valued at about $279,000. Finally, Envestnet Asset Management Inc. grew its stake in Global X U.S. Infrastructure Development ETF by 27.2% during the second quarter. Envestnet Asset Management Inc. now owns 2,013,659 shares of the company’s stock worth $87,755,000 after buying an additional 430,335 shares during the last quarter.

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

BATS:PAVE opened at $47.74 on Friday. Global X U.S. Infrastructure Development ETF has a 1 year low of $32.65 and a 1 year high of $46.26. The firm has a 50 day moving average of $47.30 and a 200-day moving average of $44.74. The stock has a market capitalization of $9.43 billion, a P/E ratio of 23.34 and a beta of 1.24.

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.