Global X U.S. Infrastructure Development ETF $PAVE Position Lessened by Clal Insurance Enterprises Holdings Ltd

Clal Insurance Enterprises Holdings Ltd trimmed its position in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 24.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,871,750 shares of the company’s stock after selling 622,000 shares during the period. Clal Insurance Enterprises Holdings Ltd owned about 0.95% of Global X U.S. Infrastructure Development ETF worth $89,598,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Darwin Wealth Management LLC bought a new position in Global X U.S. Infrastructure Development ETF during the second quarter valued at about $25,000. eCIO Inc. acquired a new stake in shares of Global X U.S. Infrastructure Development ETF in the fourth quarter valued at about $27,000. Fortitude Family Office LLC acquired a new stake in shares of Global X U.S. Infrastructure Development ETF in the fourth quarter valued at about $33,000. Millstone Evans Group LLC acquired a new stake in shares of Global X U.S. Infrastructure Development ETF in the fourth quarter valued at about $33,000. Finally, JNBA Financial Advisors grew its position in shares of Global X U.S. Infrastructure Development ETF by 40.4% in the fourth quarter. JNBA Financial Advisors now owns 712 shares of the company’s stock valued at $34,000 after purchasing an additional 205 shares during the last quarter.

Global X U.S. Infrastructure Development ETF Stock Performance

Shares of BATS:PAVE opened at $57.76 on Friday. The company has a market cap of $11.41 billion, a P/E ratio of 23.34 and a beta of 1.24. The stock’s 50-day moving average is $55.54 and its 200-day moving average is $52.58. Global X U.S. Infrastructure Development ETF has a 52-week low of $41.65 and a 52-week high of $58.55.

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.