NorthCrest Asset Manangement LLC Sells 417 Shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE)

NorthCrest Asset Manangement LLC reduced its position in Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 0.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 68,313 shares of the company’s stock after selling 417 shares during the quarter. NorthCrest Asset Manangement LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $2,529,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in PAVE. Richardson Capital Management LLC lifted its position in shares of Global X U.S. Infrastructure Development ETF by 422.5% during the 1st quarter. Richardson Capital Management LLC now owns 977 shares of the company’s stock worth $39,000 after buying an additional 790 shares during the last quarter. Bell Investment Advisors Inc boosted its stake in shares of Global X U.S. Infrastructure Development ETF by 1,370.8% in the 1st quarter. Bell Investment Advisors Inc now owns 1,059 shares of the company’s stock valued at $42,000 after purchasing an additional 987 shares in the last quarter. Mather Group LLC. bought a new stake in shares of Global X U.S. Infrastructure Development ETF during the 2nd quarter valued at approximately $42,000. First United Bank & Trust acquired a new position in Global X U.S. Infrastructure Development ETF during the 4th quarter worth approximately $54,000. Finally, Creekmur Asset Management LLC bought a new position in Global X U.S. Infrastructure Development ETF in the 4th quarter valued at approximately $61,000.

Global X U.S. Infrastructure Development ETF Price Performance

PAVE stock traded up $0.49 during midday trading on Wednesday, reaching $37.55. 729,679 shares of the stock were exchanged. Global X U.S. Infrastructure Development ETF has a 52 week low of $13.80 and a 52 week high of $17.80. The company has a fifty day moving average price of $37.71 and a 200 day moving average price of $37.86. The stock has a market capitalization of $7.19 billion, a PE ratio of 20.28 and a beta of 1.13.

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.