Global X U.S. Infrastructure Development ETF (BATS:PAVE) Stake Lowered by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC cut its stake in Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 2.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 28,693 shares of the company’s stock after selling 586 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $1,062,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Lynx Investment Advisory bought a new stake in Global X U.S. Infrastructure Development ETF in the second quarter worth approximately $154,000. Deane Retirement Strategies Inc. bought a new position in shares of Global X U.S. Infrastructure Development ETF during the 2nd quarter valued at $3,492,000. Mather Group LLC. acquired a new stake in shares of Global X U.S. Infrastructure Development ETF in the 2nd quarter valued at $42,000. Tandem Capital Management Corp ADV boosted its holdings in Global X U.S. Infrastructure Development ETF by 6.7% in the second quarter. Tandem Capital Management Corp ADV now owns 16,270 shares of the company’s stock worth $595,000 after purchasing an additional 1,020 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in Global X U.S. Infrastructure Development ETF during the second quarter worth $77,000.

Global X U.S. Infrastructure Development ETF Stock Down 1.3 %

Shares of BATS:PAVE traded down $0.48 on Wednesday, reaching $36.51. The company had a trading volume of 918,612 shares. The stock has a market capitalization of $6.99 billion, a P/E ratio of 20.28 and a beta of 1.13. The stock has a 50-day moving average price of $37.80 and a 200 day moving average price of $37.75. Global X U.S. Infrastructure Development ETF has a twelve month low of $13.80 and a twelve month 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.