Advisor Resource Council Has $1.12 Million Position in Global X U.S. Infrastructure Development ETF (BATS:PAVE)

Advisor Resource Council cut its holdings in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 81.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 28,094 shares of the company’s stock after selling 121,898 shares during the quarter. Advisor Resource Council’s holdings in Global X U.S. Infrastructure Development ETF were worth $1,118,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in PAVE. U S Global Investors Inc. bought a new stake in Global X U.S. Infrastructure Development ETF in the 4th quarter valued at $34,000. Register Financial Advisors LLC bought a new stake in Global X U.S. Infrastructure Development ETF in the 4th quarter valued at $35,000. Richardson Capital Management LLC boosted its stake 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 valued at $39,000 after purchasing an additional 790 shares during the period. First United Bank & Trust bought a new stake in Global X U.S. Infrastructure Development ETF in the 4th quarter valued at $54,000. Finally, Creekmur Asset Management LLC bought a new stake in Global X U.S. Infrastructure Development ETF in the 4th quarter valued at $61,000.

Global X U.S. Infrastructure Development ETF Price Performance

PAVE traded up $0.31 during trading on Thursday, hitting $36.92. The stock had a trading volume of 554,338 shares. The company has a 50 day moving average price of $38.07 and a 200-day moving average price of $37.02. The firm has a market cap of $7.07 billion, a price-to-earnings ratio of 20.28 and a beta of 1.13. Global X U.S. Infrastructure Development ETF has a one year low of $13.80 and a one year high of $17.80.

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.