Covestor Ltd Sells 398 Shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE)

Covestor Ltd lowered its stake in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 28.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 992 shares of the company’s stock after selling 398 shares during the quarter. Covestor Ltd’s holdings in Global X U.S. Infrastructure Development ETF were worth $41,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of PAVE. Bank of Montreal Can grew its holdings in Global X U.S. Infrastructure Development ETF by 11.0% in the second quarter. Bank of Montreal Can now owns 19,491,116 shares of the company’s stock worth $726,044,000 after purchasing an additional 1,928,517 shares during the period. Cetera Investment Advisers increased its stake in shares of Global X U.S. Infrastructure Development ETF by 325.0% in the first quarter. Cetera Investment Advisers now owns 922,494 shares of the company’s stock worth $36,724,000 after purchasing an additional 705,438 shares in the last quarter. Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management increased its stake in shares of Global X U.S. Infrastructure Development ETF by 84.5% in the second quarter. Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management now owns 939,000 shares of the company’s stock worth $34,761,000 after purchasing an additional 430,000 shares in the last quarter. Evergreen Capital Management LLC purchased a new position in Global X U.S. Infrastructure Development ETF during the second quarter valued at $15,437,000. Finally, First Interstate Bank grew its stake in Global X U.S. Infrastructure Development ETF by 47.6% during the third quarter. First Interstate Bank now owns 1,109,398 shares of the company’s stock valued at $45,663,000 after acquiring an additional 357,771 shares in the last quarter.

Global X U.S. Infrastructure Development ETF Stock Down 0.6 %

Shares of BATS:PAVE opened at $43.81 on Friday. 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 capitalization of $8.39 billion, a P/E ratio of 20.28 and a beta of 1.13. The firm has a fifty day simple moving average of $41.30 and a two-hundred day simple moving average of $39.23.

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.