Bleakley Financial Group LLC Sells 827 Shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE)

Bleakley Financial Group LLC lessened its stake in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 7.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,763 shares of the company’s stock after selling 827 shares during the period. Bleakley Financial Group LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $402,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. PNC Financial Services Group Inc. increased its holdings in Global X U.S. Infrastructure Development ETF by 38.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 7,637 shares of the company’s stock valued at $263,000 after buying an additional 2,109 shares during the period. RFG Advisory LLC increased its holdings in Global X U.S. Infrastructure Development ETF by 29.3% during the first quarter. RFG Advisory LLC now owns 8,298 shares of the company’s stock valued at $330,000 after buying an additional 1,878 shares during the period. International Assets Investment Management LLC increased its holdings in Global X U.S. Infrastructure Development ETF by 4.7% during the first quarter. International Assets Investment Management LLC now owns 8,891 shares of the company’s stock valued at $351,000 after buying an additional 403 shares during the period. Key Client Fiduciary Advisors LLC increased its holdings in Global X U.S. Infrastructure Development ETF by 12.6% during the first quarter. Key Client Fiduciary Advisors LLC now owns 21,296 shares of the company’s stock valued at $848,000 after buying an additional 2,385 shares during the period. Finally, Wealthcare Advisory Partners LLC increased its holdings in Global X U.S. Infrastructure Development ETF by 40.6% during the first quarter. Wealthcare Advisory Partners LLC now owns 25,433 shares of the company’s stock valued at $1,012,000 after buying an additional 7,340 shares during the period.

Global X U.S. Infrastructure Development ETF Stock Down 1.2 %

Shares of PAVE stock opened at $41.74 on Wednesday. The firm has a market cap of $7.99 billion, a price-to-earnings ratio of 20.28 and a beta of 1.13. The company’s 50 day moving average is $39.79 and its 200 day moving average is $38.67. Global X U.S. Infrastructure Development ETF has a 52-week low of $13.80 and a 52-week 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.