Verdence Capital Advisors LLC Reduces Holdings in Global X U.S. Infrastructure Development ETF (BATS:PAVE)

Verdence Capital Advisors LLC cut its stake in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 8.1% in the 2nd quarter, HoldingsChannel reports. The fund owned 5,984 shares of the company’s stock after selling 525 shares during the quarter. Verdence Capital Advisors LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $222,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of PAVE. Signaturefd LLC lifted its holdings in Global X U.S. Infrastructure Development ETF by 474.1% in the 4th quarter. Signaturefd LLC now owns 2,928 shares of the company’s stock worth $101,000 after buying an additional 2,418 shares during the period. Atria Wealth Solutions Inc. lifted its holdings in Global X U.S. Infrastructure Development ETF by 25.8% in the 4th quarter. Atria Wealth Solutions Inc. now owns 62,091 shares of the company’s stock worth $2,140,000 after buying an additional 12,736 shares during the period. Kovack Advisors Inc. lifted its holdings in Global X U.S. Infrastructure Development ETF by 3.7% in the 4th quarter. Kovack Advisors Inc. now owns 8,355 shares of the company’s stock worth $288,000 after buying an additional 297 shares during the period. RiverFront Investment Group LLC lifted its holdings in Global X U.S. Infrastructure Development ETF by 3.5% in the 4th quarter. RiverFront Investment Group LLC now owns 9,220 shares of the company’s stock worth $317,000 after buying an additional 311 shares during the period. Finally, Eagle Wealth Strategies LLC purchased a new stake in Global X U.S. Infrastructure Development ETF in the 4th quarter worth approximately $418,000.

Global X U.S. Infrastructure Development ETF Stock Performance

BATS PAVE opened at $39.18 on Tuesday. Global X U.S. Infrastructure Development ETF has a fifty-two week low of $13.80 and a fifty-two week high of $17.80. The stock has a 50 day simple moving average of $37.88 and a two-hundred day simple moving average of $38.07. The stock has a market cap of $7.50 billion, a P/E ratio of 20.28 and a beta of 1.13.

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.