Global X U.S. Infrastructure Development ETF $PAVE Shares Sold by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. trimmed its stake in Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 5.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,826,796 shares of the company’s stock after selling 101,207 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Global X U.S. Infrastructure Development ETF were worth $87,303,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Savant Capital LLC increased its stake in Global X U.S. Infrastructure Development ETF by 2.8% in the 4th quarter. Savant Capital LLC now owns 12,472 shares of the company’s stock worth $598,000 after purchasing an additional 335 shares in the last quarter. Moors & Cabot Inc. boosted its holdings in shares of Global X U.S. Infrastructure Development ETF by 5.3% in the fourth quarter. Moors & Cabot Inc. now owns 5,052 shares of the company’s stock worth $241,000 after buying an additional 256 shares during the period. Investment Partners LTD. increased its position in shares of Global X U.S. Infrastructure Development ETF by 18.5% in the fourth quarter. Investment Partners LTD. now owns 6,041 shares of the company’s stock worth $289,000 after acquiring an additional 942 shares in the last quarter. IFG Advisory LLC increased its position in shares of Global X U.S. Infrastructure Development ETF by 2.3% in the fourth quarter. IFG Advisory LLC now owns 8,491 shares of the company’s stock worth $406,000 after acquiring an additional 194 shares in the last quarter. Finally, Waystone Advisors LLC acquired a new stake in shares of Global X U.S. Infrastructure Development ETF in the fourth quarter worth $2,793,000.

Global X U.S. Infrastructure Development ETF Trading Down 0.2%

Shares of BATS PAVE opened at $56.31 on Friday. Global X U.S. Infrastructure Development ETF has a one year low of $41.04 and a one year high of $58.55. The business has a 50-day moving average price of $54.23 and a two-hundred day moving average price of $51.89. The firm has a market capitalization of $11.12 billion, a PE 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. PAVE was launched on Mar 6, 2017 and is managed by Global X.