Global X U.S. Infrastructure Development ETF $PAVE Holdings Trimmed by Mezzasalma Advisors LLC

Mezzasalma Advisors LLC cut its position in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 70.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 7,774 shares of the company’s stock after selling 18,218 shares during the quarter. Mezzasalma Advisors LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $408,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in PAVE. Bank of America Corp DE increased its stake in Global X U.S. Infrastructure Development ETF by 3.7% in the 1st quarter. Bank of America Corp DE now owns 25,499,439 shares of the company’s stock valued at $1,295,627,000 after buying an additional 903,562 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. boosted its stake in shares of Global X U.S. Infrastructure Development ETF by 43.3% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 8,938,139 shares of the company’s stock worth $454,147,000 after buying an additional 2,699,000 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Global X U.S. Infrastructure Development ETF by 24.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 5,089,117 shares of the company’s stock worth $299,851,000 after buying an additional 1,001,544 shares during the last quarter. Moss Adams Wealth Advisors LLC boosted its stake in shares of Global X U.S. Infrastructure Development ETF by 3.0% in the 1st quarter. Moss Adams Wealth Advisors LLC now owns 1,816,958 shares of the company’s stock worth $92,320,000 after buying an additional 52,695 shares during the last quarter. Finally, Royal Bank of Canada grew its holdings in shares of Global X U.S. Infrastructure Development ETF by 8.1% in the first quarter. Royal Bank of Canada now owns 1,610,656 shares of the company’s stock valued at $81,837,000 after acquiring an additional 120,091 shares in the last quarter.

Global X U.S. Infrastructure Development ETF Trading Down 1.3%

Shares of PAVE traded down $0.72 on Wednesday, reaching $52.82. 2,404,767 shares of the company’s stock traded hands, compared to its average volume of 1,711,336. The stock has a market cap of $10.44 billion, a PE ratio of 23.34 and a beta of 1.24. The stock’s 50 day simple moving average is $54.86 and its two-hundred day simple moving average is $55.66. Global X U.S. Infrastructure Development ETF has a 52-week low of $45.44 and a 52-week high of $60.43.

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. PAVE was launched on Mar 6, 2017 and is managed by Global X.