Wealthfront Advisers LLC Sells 2,597 Shares of Global X U.S. Infrastructure Development ETF $PAVE

Wealthfront Advisers LLC lessened its stake in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 6.7% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 36,277 shares of the company’s stock after selling 2,597 shares during the quarter. Wealthfront Advisers LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $1,581,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Conservest Capital Advisors Inc. bought a new stake in Global X U.S. Infrastructure Development ETF during the 2nd quarter valued at approximately $265,000. Burke & Herbert Bank & Trust Co. boosted its stake in Global X U.S. Infrastructure Development ETF by 2.8% during the 2nd quarter. Burke & Herbert Bank & Trust Co. now owns 60,035 shares of the company’s stock valued at $2,616,000 after purchasing an additional 1,660 shares during the period. Bleakley Financial Group LLC bought a new stake in Global X U.S. Infrastructure Development ETF during the 2nd quarter valued at approximately $4,332,000. Insight Advisors LLC PA boosted its stake in Global X U.S. Infrastructure Development ETF by 0.9% during the 2nd quarter. Insight Advisors LLC PA now owns 28,739 shares of the company’s stock valued at $1,252,000 after purchasing an additional 270 shares during the period. Finally, Prosperity Financial Group Inc. boosted its stake in Global X U.S. Infrastructure Development ETF by 6.6% during the 2nd quarter. Prosperity Financial Group Inc. now owns 52,875 shares of the company’s stock valued at $2,304,000 after purchasing an additional 3,284 shares during the period.

Global X U.S. Infrastructure Development ETF Stock Up 15.9%

Shares of BATS:PAVE opened at $48.04 on Friday. The business has a 50 day moving average price of $47.17 and a 200 day moving average price of $44.19. Global X U.S. Infrastructure Development ETF has a twelve month low of $32.65 and a twelve month high of $46.26. The company has a market cap of $9.49 billion, a price-to-earnings ratio of 23.34 and a beta of 1.24.

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.