Riggs Asset Managment Co. Inc. Sells 19,812 Shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE)

Riggs Asset Managment Co. Inc. cut its position in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 4.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 423,200 shares of the company’s stock after selling 19,812 shares during the quarter. Global X U.S. Infrastructure Development ETF accounts for 4.8% of Riggs Asset Managment Co. Inc.’s portfolio, making the stock its largest position. Riggs Asset Managment Co. Inc. owned about 0.22% of Global X U.S. Infrastructure Development ETF worth $17,419,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Signaturefd LLC lifted its holdings in shares of Global X U.S. Infrastructure Development ETF by 10.2% during the 2nd quarter. Signaturefd LLC now owns 3,254 shares of the company’s stock valued at $120,000 after buying an additional 300 shares during the last quarter. American Institute for Advanced Investment Management LLP grew its position in Global X U.S. Infrastructure Development ETF by 0.7% in the first quarter. American Institute for Advanced Investment Management LLP now owns 43,969 shares of the company’s stock worth $1,750,000 after acquiring an additional 324 shares in the last quarter. Trademark Financial Management LLC increased its stake in shares of Global X U.S. Infrastructure Development ETF by 1.6% during the 1st quarter. Trademark Financial Management LLC now owns 21,597 shares of the company’s stock worth $860,000 after purchasing an additional 336 shares during the last quarter. Cascade Financial Partners LLC raised its holdings in shares of Global X U.S. Infrastructure Development ETF by 1.3% during the 2nd quarter. Cascade Financial Partners LLC now owns 27,603 shares of the company’s stock valued at $1,022,000 after purchasing an additional 353 shares in the last quarter. Finally, BOKF NA lifted its stake in shares of Global X U.S. Infrastructure Development ETF by 10.9% in the 2nd quarter. BOKF NA now owns 3,800 shares of the company’s stock valued at $141,000 after purchasing an additional 375 shares during the last quarter.

Global X U.S. Infrastructure Development ETF Price Performance

BATS:PAVE traded down $0.24 during trading hours on Friday, reaching $41.21. The company’s stock had a trading volume of 636,246 shares. Global X U.S. Infrastructure Development ETF has a one year low of $13.80 and a one year high of $17.80. The business’s 50-day moving average is $40.00 and its 200-day moving average is $38.72. The company has a market cap of $7.89 billion, a price-to-earnings ratio of 20.28 and a beta of 1.13.

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.