Investment Partners Asset Management Inc. Decreases Holdings in Global X U.S. Infrastructure Development ETF (BATS:PAVE)

Investment Partners Asset Management Inc. trimmed its holdings in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 3.9% in the first quarter, Holdings Channel reports. The institutional investor owned 12,476 shares of the company’s stock after selling 512 shares during the period. Investment Partners Asset Management Inc.’s holdings in Global X U.S. Infrastructure Development ETF were worth $497,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. U S Global Investors Inc. purchased a new stake in Global X U.S. Infrastructure Development ETF during the 4th quarter worth about $34,000. Register Financial Advisors LLC purchased a new stake in Global X U.S. Infrastructure Development ETF during the 4th quarter worth about $35,000. First United Bank & Trust purchased a new stake in Global X U.S. Infrastructure Development ETF during the 4th quarter worth about $54,000. Creekmur Asset Management LLC purchased a new stake in Global X U.S. Infrastructure Development ETF during the 4th quarter worth about $61,000. Finally, Signaturefd LLC lifted its holdings in Global X U.S. Infrastructure Development ETF by 474.1% during the 4th quarter. Signaturefd LLC now owns 2,928 shares of the company’s stock worth $101,000 after buying an additional 2,418 shares during the last quarter.

Global X U.S. Infrastructure Development ETF Trading Down 0.4 %

Shares of Global X U.S. Infrastructure Development ETF stock traded down $0.14 on Thursday, hitting $36.91. The stock had a trading volume of 744,823 shares. Global X U.S. Infrastructure Development ETF has a 52-week low of $13.80 and a 52-week high of $17.80. The stock has a market cap of $7.07 billion, a price-to-earnings ratio of 20.28 and a beta of 1.13. The company’s 50 day moving average price is $38.15 and its 200 day moving average price is $36.89.

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.