NorthCrest Asset Manangement LLC Lowers Stake in Global X U.S. Infrastructure Development ETF (BATS:PAVE)

NorthCrest Asset Manangement LLC lowered its holdings in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 0.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,313 shares of the company’s stock after selling 417 shares during the period. NorthCrest Asset Manangement LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $2,529,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Congress Wealth Management LLC DE raised its position in shares of Global X U.S. Infrastructure Development ETF by 18.6% in the 4th quarter. Congress Wealth Management LLC DE now owns 2,956,322 shares of the company’s stock worth $101,875,000 after purchasing an additional 463,636 shares during the last quarter. CIBC Private Wealth Group LLC raised its holdings in Global X U.S. Infrastructure Development ETF by 15.7% in the fourth quarter. CIBC Private Wealth Group LLC now owns 2,679,566 shares of the company’s stock worth $92,338,000 after buying an additional 362,821 shares during the last quarter. Principal Financial Group Inc. purchased a new position in Global X U.S. Infrastructure Development ETF in the first quarter worth about $103,108,000. Meitav Investment House Ltd. lifted its stake in shares of Global X U.S. Infrastructure Development ETF by 16.6% in the first quarter. Meitav Investment House Ltd. now owns 2,454,227 shares of the company’s stock worth $97,721,000 after buying an additional 350,000 shares in the last quarter. Finally, Wells Fargo & Company MN grew its holdings in shares of Global X U.S. Infrastructure Development ETF by 11.0% during the fourth quarter. Wells Fargo & Company MN now owns 2,104,458 shares of the company’s stock valued at $72,520,000 after buying an additional 208,079 shares during the last quarter.

Global X U.S. Infrastructure Development ETF Stock Performance

Shares of PAVE traded up $0.49 on Wednesday, hitting $37.55. 729,679 shares of the stock traded hands. The company has a market capitalization of $7.19 billion, a PE 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. The business has a 50 day simple moving average of $37.71 and a 200 day simple moving average of $37.86.

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.