Advisors Management Group Inc. ADV Sells 480 Shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE)

Advisors Management Group Inc. ADV decreased its holdings in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 5.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,002 shares of the company’s stock after selling 480 shares during the period. Advisors Management Group Inc. ADV’s holdings in Global X U.S. Infrastructure Development ETF were worth $329,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Advisor Resource Council lifted its stake in Global X U.S. Infrastructure Development ETF by 16.0% during the third quarter. Advisor Resource Council now owns 24,848 shares of the company’s stock worth $1,023,000 after purchasing an additional 3,433 shares during the period. Concurrent Investment Advisors LLC increased its holdings in shares of Global X U.S. Infrastructure Development ETF by 9.3% during the third quarter. Concurrent Investment Advisors LLC now owns 13,732 shares of the company’s stock worth $565,000 after buying an additional 1,171 shares in the last quarter. Avidian Wealth Enterprises LLC increased its holdings in shares of Global X U.S. Infrastructure Development ETF by 25.0% during the third quarter. Avidian Wealth Enterprises LLC now owns 18,426 shares of the company’s stock worth $758,000 after buying an additional 3,689 shares in the last quarter. Beacon Financial Advisory LLC increased its holdings in shares of Global X U.S. Infrastructure Development ETF by 19.6% during the third quarter. Beacon Financial Advisory LLC now owns 32,904 shares of the company’s stock worth $1,354,000 after buying an additional 5,383 shares in the last quarter. Finally, Ameritas Advisory Services LLC increased its holdings in shares of Global X U.S. Infrastructure Development ETF by 28.7% during the third quarter. Ameritas Advisory Services LLC now owns 404,528 shares of the company’s stock worth $16,650,000 after buying an additional 90,267 shares in the last quarter.

Global X U.S. Infrastructure Development ETF Trading Up 6.7 %

BATS PAVE opened at $45.20 on Thursday. The firm has a market cap of $8.66 billion, a price-to-earnings ratio of 20.28 and a beta of 1.13. The company has a 50 day moving average of $40.53 and a 200-day moving average of $38.94. 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 Company 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.