Global X U.S. Infrastructure Development ETF (BATS:PAVE) Shares Sold by Verdence Capital Advisors LLC

Verdence Capital Advisors LLC reduced its holdings in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 4.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,722 shares of the company’s stock after selling 262 shares during the quarter. Verdence Capital Advisors LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $236,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC boosted its stake in shares of Global X U.S. Infrastructure Development ETF by 2.2% during the third quarter. Sequoia Financial Advisors LLC now owns 19,739 shares of the company’s stock valued at $812,000 after acquiring an additional 422 shares during the last quarter. Raymond James & Associates grew its holdings in shares of Global X U.S. Infrastructure Development ETF by 64.3% during the third quarter. Raymond James & Associates now owns 781,038 shares of the company’s stock worth $32,148,000 after buying an additional 305,548 shares in the last quarter. Granite Bay Wealth Management LLC acquired a new position in shares of Global X U.S. Infrastructure Development ETF in the second quarter valued at approximately $3,081,000. Comerica Bank lifted its stake in shares of Global X U.S. Infrastructure Development ETF by 10.4% during the first quarter. Comerica Bank now owns 38,523 shares of the company’s stock valued at $1,534,000 after buying an additional 3,619 shares during the period. Finally, HBW Advisory Services LLC boosted its position in Global X U.S. Infrastructure Development ETF by 132.0% during the third quarter. HBW Advisory Services LLC now owns 362,258 shares of the company’s stock worth $14,911,000 after acquiring an additional 206,101 shares during the last quarter.

Global X U.S. Infrastructure Development ETF Stock Performance

PAVE stock opened at $44.83 on Wednesday. Global X U.S. Infrastructure Development ETF has a one year low of $13.80 and a one year high of $17.80. The stock has a market capitalization of $8.59 billion, a P/E ratio of 20.28 and a beta of 1.13. The company has a 50 day moving average price of $40.89 and a two-hundred day moving average price of $39.11.

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.