Clal Insurance Enterprises Holdings Ltd Sells 4,925,000 Shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE)

Clal Insurance Enterprises Holdings Ltd reduced its holdings in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 66.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,493,750 shares of the company’s stock after selling 4,925,000 shares during the quarter. Global X U.S. Infrastructure Development ETF accounts for 1.0% of Clal Insurance Enterprises Holdings Ltd’s portfolio, making the stock its 23rd biggest holding. Clal Insurance Enterprises Holdings Ltd’s holdings in Global X U.S. Infrastructure Development ETF were worth $94,089,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PAVE. Webster Bank N. A. purchased a new stake in Global X U.S. Infrastructure Development ETF during the first quarter valued at $29,000. Arlington Trust Co LLC purchased a new stake in Global X U.S. Infrastructure Development ETF during the first quarter valued at $32,000. Main Street Group LTD increased its position in Global X U.S. Infrastructure Development ETF by 225.8% during the fourth quarter. Main Street Group LTD now owns 1,313 shares of the company’s stock valued at $53,000 after acquiring an additional 910 shares during the last quarter. Sunbelt Securities Inc. increased its position in Global X U.S. Infrastructure Development ETF by 90.4% during the fourth quarter. Sunbelt Securities Inc. now owns 1,335 shares of the company’s stock valued at $54,000 after acquiring an additional 634 shares during the last quarter. Finally, Larson Financial Group LLC increased its position in Global X U.S. Infrastructure Development ETF by 1,359.9% in the first quarter. Larson Financial Group LLC now owns 2,219 shares of the company’s stock worth $84,000 after buying an additional 2,067 shares in the last quarter.

Global X U.S. Infrastructure Development ETF Stock Up 9.8%

Shares of PAVE opened at $45.52 on Tuesday. The business has a 50-day simple moving average of $44.21 and a two-hundred day simple moving average of $41.13. The stock has a market cap of $8.99 billion, a price-to-earnings ratio of 23.34 and a beta of 1.24. Global X U.S. Infrastructure Development ETF has a 52 week low of $32.65 and a 52 week high of $46.26.

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.