Global X U.S. Infrastructure Development ETF (BATS:PAVE) Shares Sold by Tandem Capital Management Corp ADV

Tandem Capital Management Corp ADV trimmed its position in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 3.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 15,670 shares of the company’s stock after selling 600 shares during the period. Tandem Capital Management Corp ADV’s holdings in Global X U.S. Infrastructure Development ETF were worth $645,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Farmers & Merchants Investments Inc. grew its position in Global X U.S. Infrastructure Development ETF by 1,029.7% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 723 shares of the company’s stock worth $27,000 after purchasing an additional 659 shares in the last quarter. Blue Trust Inc. grew its position in Global X U.S. Infrastructure Development ETF by 164.9% during the 2nd quarter. Blue Trust Inc. now owns 816 shares of the company’s stock worth $32,000 after purchasing an additional 508 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Global X U.S. Infrastructure Development ETF during the 2nd quarter worth approximately $33,000. First PREMIER Bank purchased a new position in Global X U.S. Infrastructure Development ETF during the 3rd quarter worth approximately $39,000. Finally, Clear Point Advisors Inc. purchased a new position in Global X U.S. Infrastructure Development ETF during the 2nd quarter worth approximately $40,000.

Global X U.S. Infrastructure Development ETF Stock Performance

BATS PAVE opened at $41.48 on Thursday. Global X U.S. Infrastructure Development ETF has a twelve month low of $13.80 and a twelve month high of $17.80. The stock has a market cap of $7.95 billion, a price-to-earnings ratio of 20.28 and a beta of 1.13. The firm’s 50 day moving average price is $40.20 and its two-hundred day moving average price is $38.78.

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.