HBW Advisory Services LLC Has $14.47 Million Stake in Global X U.S. Infrastructure Development ETF $PAVE

HBW Advisory Services LLC decreased its position in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 19.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 284,878 shares of the company’s stock after selling 68,097 shares during the period. Global X U.S. Infrastructure Development ETF makes up approximately 1.5% of HBW Advisory Services LLC’s investment portfolio, making the stock its 10th biggest position. HBW Advisory Services LLC owned 0.14% of Global X U.S. Infrastructure Development ETF worth $14,475,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. CIBC Bancorp USA Inc. purchased a new stake in shares of Global X U.S. Infrastructure Development ETF in the third quarter worth about $163,051,000. Harel Insurance Investments & Financial Services Ltd. grew its holdings in Global X U.S. Infrastructure Development ETF by 37.3% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 6,239,139 shares of the company’s stock valued at $299,095,000 after buying an additional 1,694,808 shares in the last quarter. Bank of America Corp DE increased its stake in Global X U.S. Infrastructure Development ETF by 7.2% in the 3rd quarter. Bank of America Corp DE now owns 24,259,423 shares of the company’s stock worth $1,155,476,000 after acquiring an additional 1,625,360 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Global X U.S. Infrastructure Development ETF by 30.5% in the 4th quarter. JPMorgan Chase & Co. now owns 4,736,398 shares of the company’s stock worth $226,353,000 after acquiring an additional 1,106,276 shares during the last quarter. Finally, Bank of Montreal Can boosted its position in shares of Global X U.S. Infrastructure Development ETF by 3.7% during the 4th quarter. Bank of Montreal Can now owns 24,643,304 shares of the company’s stock valued at $1,177,704,000 after acquiring an additional 868,412 shares during the last quarter.

Global X U.S. Infrastructure Development ETF Stock Down 0.8%

Shares of BATS:PAVE opened at $56.23 on Tuesday. The firm has a fifty day simple moving average of $56.97 and a two-hundred day simple moving average of $54.00. Global X U.S. Infrastructure Development ETF has a 52 week low of $43.87 and a 52 week high of $60.43. The stock has a market capitalization of $11.11 billion, a P/E ratio of 23.34 and a beta of 1.24.

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