SteelPeak Wealth LLC Cuts Stake in Global X U.S. Infrastructure Development ETF (BATS:PAVE)

SteelPeak Wealth LLC trimmed its holdings in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 79.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,574 shares of the company’s stock after selling 21,386 shares during the quarter. SteelPeak Wealth LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $207,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of PAVE. Principal Financial Group Inc. bought a new position in shares of Global X U.S. Infrastructure Development ETF in the 1st quarter worth $103,108,000. Cetera Investment Advisers raised its holdings in Global X U.S. Infrastructure Development ETF by 325.0% in the first quarter. Cetera Investment Advisers now owns 922,494 shares of the company’s stock worth $36,724,000 after purchasing an additional 705,438 shares in the last quarter. Congress Wealth Management LLC DE lifted its position in shares of Global X U.S. Infrastructure Development ETF by 18.6% during the fourth quarter. Congress Wealth Management LLC DE now owns 2,956,322 shares of the company’s stock valued at $101,875,000 after buying an additional 463,636 shares during the last quarter. CIBC Private Wealth Group LLC boosted its holdings in shares of Global X U.S. Infrastructure Development ETF by 15.7% in the 4th quarter. CIBC Private Wealth Group LLC now owns 2,679,566 shares of the company’s stock valued at $92,338,000 after buying an additional 362,821 shares in the last quarter. Finally, Meitav Investment House Ltd. boosted its holdings in shares of Global X U.S. Infrastructure Development ETF by 16.6% in the 1st quarter. Meitav Investment House Ltd. now owns 2,454,227 shares of the company’s stock valued at $97,721,000 after buying an additional 350,000 shares in the last quarter.

Global X U.S. Infrastructure Development ETF Stock Up 1.7 %

Shares of BATS PAVE traded up $0.64 during trading hours on Thursday, hitting $38.22. 572,819 shares of the stock were exchanged. Global X U.S. Infrastructure Development ETF has a 12 month low of $13.80 and a 12 month high of $17.80. The firm has a fifty day moving average price of $37.71 and a 200-day moving average price of $37.86. The company has a market cap of $7.32 billion, a PE ratio of 20.28 and a beta of 1.13.

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.