Systelligence LLC Sells 60,941 Shares of Global X U.S. Infrastructure Development ETF $PAVE

Systelligence LLC cut its position in Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 62.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,032 shares of the company’s stock after selling 60,941 shares during the period. Systelligence LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $1,882,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in PAVE. Jane Street Group LLC grew its stake in Global X U.S. Infrastructure Development ETF by 11.1% in the first quarter. Jane Street Group LLC now owns 20,867 shares of the company’s stock valued at $787,000 after acquiring an additional 2,081 shares during the period. Russell Investments Group Ltd. raised its position in shares of Global X U.S. Infrastructure Development ETF by 1,294.8% during the second quarter. Russell Investments Group Ltd. now owns 22,442 shares of the company’s stock worth $978,000 after purchasing an additional 20,833 shares during the period. Diversify Advisory Services LLC raised its position in shares of Global X U.S. Infrastructure Development ETF by 6.6% during the second quarter. Diversify Advisory Services LLC now owns 29,047 shares of the company’s stock worth $1,354,000 after purchasing an additional 1,806 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Global X U.S. Infrastructure Development ETF during the second quarter worth approximately $2,070,000. Finally, Quantinno Capital Management LP lifted its holdings in shares of Global X U.S. Infrastructure Development ETF by 36.8% in the 2nd quarter. Quantinno Capital Management LP now owns 9,118 shares of the company’s stock worth $397,000 after purchasing an additional 2,451 shares in the last quarter.

Global X U.S. Infrastructure Development ETF Trading Down 1.9%

BATS PAVE opened at $58.84 on Friday. The company has a fifty day simple moving average of $56.61 and a 200 day simple moving average of $53.31. Global X U.S. Infrastructure Development ETF has a 12-month low of $43.32 and a 12-month high of $60.43. The company has a market cap of $11.62 billion, a P/E ratio of 23.34 and a beta of 1.24.

Global X U.S. Infrastructure Development ETF 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. PAVE was launched on Mar 6, 2017 and is managed by Global X.