Van ECK Associates Corp decreased its position in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE – Free Report) by 29.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 67,571 shares of the company’s stock after selling 27,850 shares during the quarter. Van ECK Associates Corp’s holdings in Global X U.S. Infrastructure Development ETF were worth $2,690,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also recently made changes to their positions in the company. Kovack Advisors Inc. lifted its position in Global X U.S. Infrastructure Development ETF by 3.7% during the fourth quarter. Kovack Advisors Inc. now owns 8,355 shares of the company’s stock valued at $288,000 after purchasing an additional 297 shares during the period. RiverFront Investment Group LLC lifted its position in Global X U.S. Infrastructure Development ETF by 3.5% during the fourth quarter. RiverFront Investment Group LLC now owns 9,220 shares of the company’s stock valued at $317,000 after purchasing an additional 311 shares during the period. American Institute for Advanced Investment Management LLP lifted its position in Global X U.S. Infrastructure Development ETF by 0.7% during the first quarter. American Institute for Advanced Investment Management LLP now owns 43,969 shares of the company’s stock valued at $1,750,000 after purchasing an additional 324 shares during the period. Pinnacle Associates Ltd. lifted its position in Global X U.S. Infrastructure Development ETF by 4.7% during the fourth quarter. Pinnacle Associates Ltd. now owns 7,170 shares of the company’s stock valued at $247,000 after purchasing an additional 325 shares during the period. Finally, TAP Consulting LLC lifted its position in Global X U.S. Infrastructure Development ETF by 0.6% during the fourth quarter. TAP Consulting LLC now owns 52,893 shares of the company’s stock valued at $1,823,000 after purchasing an additional 326 shares during the period.
Global X U.S. Infrastructure Development ETF Stock Down 0.9 %
Shares of Global X U.S. Infrastructure Development ETF stock opened at $36.60 on Friday. The company has a market cap of $7.01 billion, a price-to-earnings ratio of 20.28 and a beta of 1.13. The company’s 50 day moving average is $38.01 and its 200 day moving average is $37.05. Global X U.S. Infrastructure Development ETF has a twelve month low of $13.80 and a twelve month high of $17.80.
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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