Claro Advisors LLC Cuts Stake in Global X U.S. Infrastructure Development ETF $PAVE

Claro Advisors LLC lowered its holdings in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 9.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,250 shares of the company’s stock after selling 1,290 shares during the quarter. Claro Advisors LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $534,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in PAVE. Private Wealth Asset Management LLC purchased a new stake in shares of Global X U.S. Infrastructure Development ETF during the second quarter worth about $32,000. Global Trust Asset Management LLC purchased a new stake in shares of Global X U.S. Infrastructure Development ETF during the second quarter worth about $35,000. Elevation Wealth Partners LLC purchased a new stake in shares of Global X U.S. Infrastructure Development ETF during the second quarter worth about $52,000. Trust Co. of Toledo NA OH purchased a new stake in shares of Global X U.S. Infrastructure Development ETF during the second quarter worth about $53,000. Finally, GAMMA Investing LLC purchased a new stake in shares of Global X U.S. Infrastructure Development ETF during the second quarter worth about $71,000.

Global X U.S. Infrastructure Development ETF Trading Up 15.5%

BATS:PAVE opened at $47.89 on Thursday. Global X U.S. Infrastructure Development ETF has a 12-month low of $32.65 and a 12-month high of $46.26. The stock has a 50-day moving average price of $47.26 and a 200 day moving average price of $44.57. The stock has a market capitalization of $9.46 billion, a P/E ratio of 23.34 and a beta of 1.24.

About Global X U.S. Infrastructure Development ETF

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.