Financial Counselors Inc. Has $945,000 Stock Position in Global X U.S. Infrastructure Development ETF (BATS:PAVE)

Financial Counselors Inc. cut its holdings in Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 3.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,392 shares of the company’s stock after selling 737 shares during the period. Financial Counselors Inc.’s holdings in Global X U.S. Infrastructure Development ETF were worth $945,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. MassMutual Private Wealth & Trust FSB bought a new stake in shares of Global X U.S. Infrastructure Development ETF during the 4th quarter worth about $28,000. Hanson & Doremus Investment Management acquired a new stake in Global X U.S. Infrastructure Development ETF in the 4th quarter worth approximately $28,000. Sofi Wealth LLC acquired a new stake in Global X U.S. Infrastructure Development ETF in the 4th quarter worth approximately $28,000. Crowley Wealth Management Inc. bought a new stake in Global X U.S. Infrastructure Development ETF during the fourth quarter worth approximately $28,000. Finally, Key Financial Inc raised its position in shares of Global X U.S. Infrastructure Development ETF by 613.2% in the fourth quarter. Key Financial Inc now owns 756 shares of the company’s stock valued at $31,000 after purchasing an additional 650 shares during the period.

Global X U.S. Infrastructure Development ETF Trading Down 7.0 %

Shares of Global X U.S. Infrastructure Development ETF stock opened at $38.56 on Friday. The firm has a fifty day simple moving average of $40.63 and a 200-day simple moving average of $41.57. The stock has a market capitalization of $7.93 billion, a price-to-earnings ratio of 21.38 and a beta of 1.27. Global X U.S. Infrastructure Development ETF has a 1-year low of $35.72 and a 1-year high of $46.18.

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.