Global X U.S. Infrastructure Development ETF $PAVE Stock: C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Lowers Stake

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors decreased its position in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 44.8% in the 3rd quarter, Holdings Channel reports. The firm owned 35,546 shares of the company’s stock after selling 28,904 shares during the quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors’ holdings in Global X U.S. Infrastructure Development ETF were worth $1,866,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of PAVE. TD Waterhouse Canada Inc. increased its holdings in Global X U.S. Infrastructure Development ETF by 57.7% in the second quarter. TD Waterhouse Canada Inc. now owns 28,311 shares of the company’s stock worth $1,668,000 after purchasing an additional 10,356 shares in the last quarter. Capital Advantage Inc. increased its stake in shares of Global X U.S. Infrastructure Development ETF by 8.4% in the 2nd quarter. Capital Advantage Inc. now owns 128,370 shares of the company’s stock valued at $7,564,000 after acquiring an additional 9,927 shares in the last quarter. Petra Financial Advisors Inc. bought a new stake in shares of Global X U.S. Infrastructure Development ETF in the 1st quarter valued at $461,000. VectorGlobal IAG Inc. acquired a new position in shares of Global X U.S. Infrastructure Development ETF during the 1st quarter valued at $1,489,000. Finally, Envestnet Asset Management Inc. lifted its position in shares of Global X U.S. Infrastructure Development ETF by 24.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 5,089,117 shares of the company’s stock valued at $299,851,000 after acquiring an additional 1,001,544 shares during the period.

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

Shares of BATS PAVE opened at $52.82 on Thursday. The firm has a market cap of $10.44 billion, a PE ratio of 23.34 and a beta of 1.24. Global X U.S. Infrastructure Development ETF has a 12-month low of $45.44 and a 12-month high of $60.43. The company’s fifty day simple moving average is $54.86 and its 200 day simple moving average is $55.66.

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