MAI Capital Management reduced its stake in Global X U.S. Infrastructure Development ETF (BATS:PAVE – Free Report) by 9.7% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 235,880 shares of the company’s stock after selling 25,280 shares during the period. MAI Capital Management owned 0.12% of Global X U.S. Infrastructure Development ETF worth $9,709,000 at the end of the most recent quarter.
Several other hedge funds also recently bought and sold shares of the company. Farmers & Merchants Investments Inc. lifted its position in Global X U.S. Infrastructure Development ETF by 1,029.7% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 723 shares of the company’s stock worth $27,000 after buying an additional 659 shares in the last quarter. Blue Trust Inc. boosted its holdings in shares of Global X U.S. Infrastructure Development ETF by 164.9% in the 2nd quarter. Blue Trust Inc. now owns 816 shares of the company’s stock valued at $32,000 after purchasing an additional 508 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Global X U.S. Infrastructure Development ETF during the 2nd quarter valued at approximately $33,000. First PREMIER Bank acquired a new stake in shares of Global X U.S. Infrastructure Development ETF during the 3rd quarter valued at $39,000. Finally, Mather Group LLC. bought a new stake in shares of Global X U.S. Infrastructure Development ETF during the second quarter worth about $42,000.
Global X U.S. Infrastructure Development ETF Stock Up 0.5 %
Shares of Global X U.S. Infrastructure Development ETF stock opened at $44.02 on Tuesday. The company’s fifty day moving average is $41.57 and its 200 day moving average is $39.33. Global X U.S. Infrastructure Development ETF has a twelve month low of $13.80 and a twelve month high of $17.80. The stock has a market cap of $8.43 billion, a price-to-earnings ratio of 20.28 and a beta of 1.13.
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.
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