Global X U.S. Infrastructure Development ETF (BATS:PAVE) Shares Sold by Valmark Advisers Inc.

Valmark Advisers Inc. lowered its stake in Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 15.1% in the 1st quarter, HoldingsChannel.com reports. The firm owned 9,091 shares of the company’s stock after selling 1,617 shares during the quarter. Valmark Advisers Inc.’s holdings in Global X U.S. Infrastructure Development ETF were worth $343,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Dynamic Advisor Solutions LLC lifted its holdings in Global X U.S. Infrastructure Development ETF by 5.7% in the 1st quarter. Dynamic Advisor Solutions LLC now owns 8,011 shares of the company’s stock valued at $302,000 after acquiring an additional 429 shares during the last quarter. Northern Trust Corp increased its holdings in shares of Global X U.S. Infrastructure Development ETF by 25.4% in the 4th quarter. Northern Trust Corp now owns 84,692 shares of the company’s stock valued at $3,422,000 after purchasing an additional 17,160 shares during the period. Proficio Capital Partners LLC acquired a new position in shares of Global X U.S. Infrastructure Development ETF in the 4th quarter valued at about $771,000. Fifth Third Bancorp increased its holdings in shares of Global X U.S. Infrastructure Development ETF by 40.6% in the 1st quarter. Fifth Third Bancorp now owns 4,279 shares of the company’s stock valued at $161,000 after purchasing an additional 1,236 shares during the period. Finally, US Bancorp DE increased its holdings in shares of Global X U.S. Infrastructure Development ETF by 205.0% in the 4th quarter. US Bancorp DE now owns 20,514 shares of the company’s stock valued at $829,000 after purchasing an additional 13,787 shares during the period.

Global X U.S. Infrastructure Development ETF Price Performance

Shares of PAVE opened at $42.77 on Thursday. The company has a market capitalization of $8.45 billion, a price-to-earnings ratio of 23.34 and a beta of 1.24. Global X U.S. Infrastructure Development ETF has a fifty-two week low of $32.65 and a fifty-two week high of $46.18. The business’s 50-day moving average is $40.71 and its 200-day moving average is $40.35.

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.