Concord Wealth Partners reduced its position in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE – Free Report) by 13.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,638 shares of the company’s stock after selling 406 shares during the period. Concord Wealth Partners’ holdings in Global X U.S. Infrastructure Development ETF were worth $109,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in PAVE. PNC Financial Services Group Inc. boosted its stake in Global X U.S. Infrastructure Development ETF by 38.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 7,637 shares of the company’s stock valued at $263,000 after acquiring an additional 2,109 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in Global X U.S. Infrastructure Development ETF by 6.7% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 46,387 shares of the company’s stock valued at $1,847,000 after purchasing an additional 2,928 shares during the period. Financial Sense Advisors Inc. bought a new position in Global X U.S. Infrastructure Development ETF during the 1st quarter worth $294,000. GenTrust LLC increased its position in Global X U.S. Infrastructure Development ETF by 11.2% in the first quarter. GenTrust LLC now owns 1,376,700 shares of the company’s stock worth $54,806,000 after buying an additional 138,238 shares during the period. Finally, FORVIS Wealth Advisors LLC acquired a new stake in Global X U.S. Infrastructure Development ETF in the first quarter worth $550,000.
Global X U.S. Infrastructure Development ETF Stock Performance
Shares of PAVE opened at $41.76 on Tuesday. The firm has a fifty day moving average of $40.07 and a 200-day moving average of $38.74. The company has a market cap of $8.00 billion, a price-to-earnings ratio of 20.28 and a beta of 1.13. Global X U.S. Infrastructure Development ETF has a 1 year low of $13.80 and a 1 year high of $17.80.
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.
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