Bleakley Financial Group LLC Sells 8,998 Shares of Global X U.S. Infrastructure Development ETF $PAVE

Bleakley Financial Group LLC reduced its stake in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 9.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 82,125 shares of the company’s stock after selling 8,998 shares during the quarter. Bleakley Financial Group LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $4,173,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Darwin Wealth Management LLC bought a new position in shares of Global X U.S. Infrastructure Development ETF during the 2nd quarter valued at about $25,000. eCIO Inc. purchased a new position in Global X U.S. Infrastructure Development ETF during the 4th quarter valued at approximately $27,000. NBT Bank N A NY bought a new stake in Global X U.S. Infrastructure Development ETF in the 1st quarter worth approximately $29,000. Fortitude Family Office LLC bought a new stake in Global X U.S. Infrastructure Development ETF in the 4th quarter worth approximately $33,000. Finally, Millstone Evans Group LLC bought a new position in shares of Global X U.S. Infrastructure Development ETF during the 4th quarter valued at approximately $33,000.

Global X U.S. Infrastructure Development ETF Stock Down 0.1%

PAVE stock opened at $56.64 on Thursday. Global X U.S. Infrastructure Development ETF has a 52 week low of $43.87 and a 52 week high of $60.43. The firm has a market capitalization of $11.19 billion, a P/E ratio of 23.34 and a beta of 1.24. The company has a fifty day simple moving average of $56.92 and a two-hundred day simple moving average of $54.10.

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