Sanctuary Advisors LLC Has $6.93 Million Holdings in Global X U.S. Infrastructure Development ETF $PAVE

Sanctuary Advisors LLC decreased its position in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 38.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 136,414 shares of the company’s stock after selling 84,257 shares during the period. Sanctuary Advisors LLC owned about 0.07% of Global X U.S. Infrastructure Development ETF worth $6,931,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of PAVE. Bank of Montreal Can boosted its holdings in shares of Global X U.S. Infrastructure Development ETF by 3.7% in the 4th quarter. Bank of Montreal Can now owns 24,643,304 shares of the company’s stock worth $1,177,704,000 after acquiring an additional 868,412 shares in the last quarter. Morgan Stanley increased its holdings in Global X U.S. Infrastructure Development ETF by 2.9% during the 4th quarter. Morgan Stanley now owns 10,218,475 shares of the company’s stock valued at $488,341,000 after purchasing an additional 288,691 shares in the last quarter. LPL Financial LLC increased its holdings in Global X U.S. Infrastructure Development ETF by 4.7% during the 4th quarter. LPL Financial LLC now owns 7,627,988 shares of the company’s stock valued at $364,542,000 after purchasing an additional 340,014 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. raised its position in Global X U.S. Infrastructure Development ETF by 37.3% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 6,239,139 shares of the company’s stock valued at $299,095,000 after purchasing an additional 1,694,808 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in Global X U.S. Infrastructure Development ETF by 30.5% in the 4th quarter. JPMorgan Chase & Co. now owns 4,736,398 shares of the company’s stock valued at $226,353,000 after purchasing an additional 1,106,276 shares during the last quarter.

Global X U.S. Infrastructure Development ETF Stock Performance

Shares of PAVE stock opened at $56.30 on Friday. The stock’s fifty day moving average is $56.91 and its 200-day moving average is $54.17. The stock has a market capitalization of $11.12 billion, a PE ratio of 23.34 and a beta of 1.24. Global X U.S. Infrastructure Development ETF has a 52 week low of $44.28 and a 52 week high of $60.43.

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. PAVE was launched on Mar 6, 2017 and is managed by Global X.