First Interstate Bank Has $38.79 Million Stock Position in Global X U.S. Infrastructure Development ETF $PAVE

First Interstate Bank lowered its position in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 37.1% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 763,387 shares of the company’s stock after selling 449,547 shares during the quarter. Global X U.S. Infrastructure Development ETF makes up about 2.2% of First Interstate Bank’s investment portfolio, making the stock its 13th largest position. First Interstate Bank owned approximately 0.39% of Global X U.S. Infrastructure Development ETF worth $38,788,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in PAVE. Gateway Wealth Partners LLC raised its holdings in Global X U.S. Infrastructure Development ETF by 3.7% during the 4th quarter. Gateway Wealth Partners LLC now owns 5,169 shares of the company’s stock worth $247,000 after purchasing an additional 183 shares during the last quarter. Arete Wealth Advisors LLC boosted its stake in shares of Global X U.S. Infrastructure Development ETF by 3.8% in the 4th quarter. Arete Wealth Advisors LLC now owns 5,058 shares of the company’s stock valued at $242,000 after purchasing an additional 186 shares during the last quarter. AIFG Consultants Ltd. boosted its stake in shares of Global X U.S. Infrastructure Development ETF by 1.0% in the 4th quarter. AIFG Consultants Ltd. now owns 19,194 shares of the company’s stock valued at $917,000 after purchasing an additional 189 shares during the last quarter. IFG Advisory LLC grew its position in shares of Global X U.S. Infrastructure Development ETF by 2.3% during the 4th quarter. IFG Advisory LLC now owns 8,491 shares of the company’s stock worth $406,000 after buying an additional 194 shares during the period. Finally, Stephens Inc. AR raised its stake in shares of Global X U.S. Infrastructure Development ETF by 1.4% during the first quarter. Stephens Inc. AR now owns 14,302 shares of the company’s stock worth $727,000 after buying an additional 194 shares during the last quarter.

Global X U.S. Infrastructure Development ETF Price Performance

Shares of BATS PAVE opened at $56.04 on Thursday. Global X U.S. Infrastructure Development ETF has a fifty-two week low of $43.87 and a fifty-two week high of $60.43. The firm has a market capitalization of $11.07 billion, a P/E ratio of 23.34 and a beta of 1.24. The company’s 50 day simple moving average is $56.93 and its 200 day simple moving average is $53.84.

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.