Global X U.S. Infrastructure Development ETF (BATS:PAVE) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. decreased its holdings in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 22.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 985,061 shares of the company’s stock after selling 286,769 shares during the quarter. Envestnet Asset Management Inc. owned about 0.51% of Global X U.S. Infrastructure Development ETF worth $36,467,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in PAVE. Farmers & Merchants Investments Inc. lifted its stake in shares of Global X U.S. Infrastructure Development ETF by 1,029.7% during the second quarter. Farmers & Merchants Investments Inc. now owns 723 shares of the company’s stock worth $27,000 after purchasing an additional 659 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of Global X U.S. Infrastructure Development ETF by 164.9% during the 2nd quarter. Blue Trust Inc. now owns 816 shares of the company’s stock valued at $32,000 after buying an additional 508 shares during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Global X U.S. Infrastructure Development ETF during the 2nd quarter worth approximately $33,000. Richardson Capital Management LLC boosted its holdings in Global X U.S. Infrastructure Development ETF by 422.5% in the 1st quarter. Richardson Capital Management LLC now owns 977 shares of the company’s stock worth $39,000 after acquiring an additional 790 shares during the period. Finally, Bell Investment Advisors Inc grew its position in Global X U.S. Infrastructure Development ETF by 1,370.8% in the first quarter. Bell Investment Advisors Inc now owns 1,059 shares of the company’s stock valued at $42,000 after acquiring an additional 987 shares in the last quarter.

Global X U.S. Infrastructure Development ETF Stock Down 0.7 %

PAVE opened at $40.47 on Friday. The firm’s 50 day moving average is $38.45 and its 200-day moving average is $38.29. Global X U.S. Infrastructure Development ETF has a 52-week low of $13.80 and a 52-week high of $17.80. The firm has a market capitalization of $7.75 billion, a P/E ratio of 20.28 and a beta of 1.13.

Global X U.S. Infrastructure Development ETF 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.