Global X U.S. Infrastructure Development ETF $PAVE Stock Position Cut by Barings LLC

Barings LLC decreased its stake in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 55.2% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 12,744 shares of the company’s stock after selling 15,682 shares during the period. Barings LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $555,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. JPMorgan Chase & Co. boosted its holdings in shares of Global X U.S. Infrastructure Development ETF by 281.3% in the second quarter. JPMorgan Chase & Co. now owns 3,485,063 shares of the company’s stock valued at $151,879,000 after acquiring an additional 2,570,976 shares in the last quarter. Citigroup Inc. lifted its position in Global X U.S. Infrastructure Development ETF by 2,086.2% in the first quarter. Citigroup Inc. now owns 1,325,328 shares of the company’s stock worth $50,005,000 after purchasing an additional 1,264,705 shares during the period. Envestnet Asset Management Inc. lifted its position in Global X U.S. Infrastructure Development ETF by 27.2% in the second quarter. Envestnet Asset Management Inc. now owns 2,013,659 shares of the company’s stock worth $87,755,000 after purchasing an additional 430,335 shares during the period. HighTower Advisors LLC boosted its stake in Global X U.S. Infrastructure Development ETF by 35.0% during the 1st quarter. HighTower Advisors LLC now owns 768,330 shares of the company’s stock valued at $28,989,000 after purchasing an additional 199,384 shares in the last quarter. Finally, Exchange Traded Concepts LLC acquired a new position in shares of Global X U.S. Infrastructure Development ETF during the 2nd quarter valued at $7,743,000.

Global X U.S. Infrastructure Development ETF Stock Performance

PAVE opened at $46.47 on Monday. The company has a market capitalization of $9.18 billion, a PE ratio of 23.34 and a beta of 1.24. The stock’s fifty day moving average is $47.39 and its 200-day moving average is $45.37. Global X U.S. Infrastructure Development ETF has a one year low of $32.65 and a one year high of $46.26.

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.