Exchange Traded Concepts LLC Trims Stock Position in Global X U.S. Infrastructure Development ETF $PAVE

Exchange Traded Concepts LLC cut its position in Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 13.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 152,896 shares of the company’s stock after selling 24,786 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $7,282,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of PAVE. Moss Adams Wealth Advisors LLC grew its position in Global X U.S. Infrastructure Development ETF by 1.5% during the second quarter. Moss Adams Wealth Advisors LLC now owns 1,041,197 shares of the company’s stock worth $45,469,000 after buying an additional 15,268 shares in the last quarter. GAMMA Investing LLC bought a new stake in shares of Global X U.S. Infrastructure Development ETF during the 2nd quarter valued at about $71,000. PMG Wealth Management Inc. purchased a new position in shares of Global X U.S. Infrastructure Development ETF during the second quarter worth about $3,922,000. Barnes Pettey Financial Advisors LLC purchased a new position in shares of Global X U.S. Infrastructure Development ETF during the second quarter worth about $206,000. Finally, B. Riley Wealth Advisors Inc. bought a new position in shares of Global X U.S. Infrastructure Development ETF in the second quarter worth approximately $720,000.

Global X U.S. Infrastructure Development ETF Price Performance

Shares of PAVE opened at $49.14 on Wednesday. Global X U.S. Infrastructure Development ETF has a 1-year low of $32.65 and a 1-year high of $46.26. The company has a market capitalization of $9.71 billion, a P/E ratio of 23.34 and a beta of 1.24. The firm’s 50 day simple moving average is $47.96 and its 200 day simple moving average is $46.43.

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. PAVE was launched on Mar 6, 2017 and is managed by Global X.