Accel Wealth Management Sells 1,200 Shares of Global X U.S. Infrastructure Development ETF $PAVE

Accel Wealth Management decreased its position in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 7.2% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,503 shares of the company’s stock after selling 1,200 shares during the period. Accel Wealth Management’s holdings in Global X U.S. Infrastructure Development ETF were worth $676,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. LPL Financial LLC increased its position in Global X U.S. Infrastructure Development ETF by 1.2% during the first quarter. LPL Financial LLC now owns 6,854,471 shares of the company’s stock valued at $258,619,000 after acquiring an additional 78,008 shares during the last quarter. Principal Financial Group Inc. increased its position in Global X U.S. Infrastructure Development ETF by 7.5% during the first quarter. Principal Financial Group Inc. now owns 3,740,600 shares of the company’s stock valued at $141,133,000 after acquiring an additional 260,800 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in Global X U.S. Infrastructure Development ETF by 2.9% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,823,163 shares of the company’s stock valued at $68,788,000 after acquiring an additional 50,644 shares during the last quarter. Envestnet Asset Management Inc. increased its position in Global X U.S. Infrastructure Development ETF by 9.2% during the first quarter. Envestnet Asset Management Inc. now owns 1,583,324 shares of the company’s stock valued at $59,739,000 after acquiring an additional 133,329 shares during the last quarter. Finally, Citigroup Inc. increased its position in Global X U.S. Infrastructure Development ETF by 2,086.2% during the first quarter. Citigroup Inc. now owns 1,325,328 shares of the company’s stock valued at $50,005,000 after acquiring an additional 1,264,705 shares during the last quarter.

Global X U.S. Infrastructure Development ETF Stock Up 15.7%

PAVE stock opened at $47.94 on Friday. The firm’s fifty day simple moving average is $46.48 and its two-hundred day simple moving average is $42.72. The stock has a market capitalization of $9.47 billion, a price-to-earnings ratio of 23.34 and a beta of 1.24. Global X U.S. Infrastructure Development ETF has a twelve month low of $32.65 and a twelve month high of $46.26.

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.