Addison Advisors LLC Trims Holdings in Global X U.S. Infrastructure Development ETF (BATS:PAVE)

Addison Advisors LLC reduced its holdings in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 38.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 800 shares of the company’s stock after selling 500 shares during the period. Addison Advisors LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $33,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of PAVE. Envestnet Portfolio Solutions Inc. purchased a new position in Global X U.S. Infrastructure Development ETF during the first quarter valued at $374,000. Avantax Advisory Services Inc. grew its position in Global X U.S. Infrastructure Development ETF by 31.4% during the 1st quarter. Avantax Advisory Services Inc. now owns 75,769 shares of the company’s stock valued at $3,016,000 after purchasing an additional 18,111 shares during the last quarter. Texas Yale Capital Corp. purchased a new stake in Global X U.S. Infrastructure Development ETF during the 1st quarter valued at about $207,000. Avid Wealth Partners LLC bought a new stake in Global X U.S. Infrastructure Development ETF during the 1st quarter valued at about $1,770,000. Finally, Kingsview Wealth Management LLC raised its holdings in Global X U.S. Infrastructure Development ETF by 31.1% in the first quarter. Kingsview Wealth Management LLC now owns 93,181 shares of the company’s stock worth $3,710,000 after buying an additional 22,102 shares during the last quarter.

Global X U.S. Infrastructure Development ETF Stock Up 0.8 %

BATS:PAVE opened at $45.47 on Tuesday. The stock has a market cap of $8.71 billion, a price-to-earnings ratio of 20.28 and a beta of 1.13. The company’s 50 day moving average price is $40.77 and its 200-day moving average price is $39.05. Global X U.S. Infrastructure Development ETF has a 52 week low of $13.80 and a 52 week high of $17.80.

About Global X U.S. Infrastructure Development ETF

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.