Bank of Montreal Can Decreases Stock Position in Global X U.S. Infrastructure Development ETF $PAVE

Bank of Montreal Can decreased its position in Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 1.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 22,773,050 shares of the company’s stock after selling 380,896 shares during the quarter. Bank of Montreal Can owned about 11.53% of Global X U.S. Infrastructure Development ETF worth $992,450,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. Spire Wealth Management raised its stake in Global X U.S. Infrastructure Development ETF by 13.1% in the 2nd quarter. Spire Wealth Management now owns 31,916 shares of the company’s stock valued at $1,391,000 after purchasing an additional 3,692 shares during the last quarter. Flagship Harbor Advisors LLC raised its stake in Global X U.S. Infrastructure Development ETF by 7.4% in the 2nd quarter. Flagship Harbor Advisors LLC now owns 10,908 shares of the company’s stock valued at $475,000 after purchasing an additional 753 shares during the last quarter. Whalen Wealth Management Inc. acquired a new position in Global X U.S. Infrastructure Development ETF in the 2nd quarter valued at about $354,000. Clark Asset Management LLC acquired a new position in Global X U.S. Infrastructure Development ETF in the 2nd quarter valued at about $279,000. Finally, Envestnet Asset Management Inc. raised its stake in Global X U.S. Infrastructure Development ETF by 27.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 2,013,659 shares of the company’s stock valued at $87,755,000 after purchasing an additional 430,335 shares during the last quarter.

Global X U.S. Infrastructure Development ETF Trading Up 16.5%

Shares of PAVE stock opened at $48.29 on Monday. The firm has a 50-day moving average price of $47.19 and a 200 day moving average price of $44.39. Global X U.S. Infrastructure Development ETF has a twelve month low of $32.65 and a twelve month high of $46.26. The company has a market capitalization of $9.54 billion, a price-to-earnings ratio of 23.34 and a beta of 1.24.

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.