Global X U.S. Infrastructure Development ETF (BATS:PAVE) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. lowered its position in Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 4.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,485,000 shares of the company’s stock after selling 105,000 shares during the period. Principal Financial Group Inc. owned about 1.30% of Global X U.S. Infrastructure Development ETF worth $102,283,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of PAVE. Envestnet Portfolio Solutions Inc. acquired a new position in Global X U.S. Infrastructure Development ETF during the first quarter worth $374,000. Wealthspire Advisors LLC raised its position in shares of Global X U.S. Infrastructure Development ETF by 4.8% during the 1st quarter. Wealthspire Advisors LLC now owns 22,642 shares of the company’s stock worth $901,000 after purchasing an additional 1,033 shares during the last quarter. Oppenheimer & Co. Inc. lifted its stake in Global X U.S. Infrastructure Development ETF by 27.3% in the 1st quarter. Oppenheimer & Co. Inc. now owns 108,261 shares of the company’s stock valued at $4,310,000 after buying an additional 23,246 shares in the last quarter. Highland Capital Management LLC acquired a new stake in Global X U.S. Infrastructure Development ETF in the 1st quarter worth about $518,000. Finally, BCGM Wealth Management LLC purchased a new stake in Global X U.S. Infrastructure Development ETF during the 1st quarter worth approximately $631,000.

Global X U.S. Infrastructure Development ETF Price Performance

Shares of Global X U.S. Infrastructure Development ETF stock opened at $45.09 on Friday. The business has a 50 day simple moving average of $40.77 and a two-hundred day simple moving average of $39.03. The stock has a market capitalization of $8.64 billion, a P/E ratio of 20.28 and a beta of 1.13. Global X U.S. Infrastructure Development ETF has a 12 month low of $13.80 and a 12 month high of $17.80.

Global X U.S. Infrastructure Development ETF 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.