Creekmur Asset Management LLC Lowers Stake in Global X U.S. Infrastructure Development ETF (BATS:PAVE)

Creekmur Asset Management LLC decreased its stake in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 62.7% in the first quarter, HoldingsChannel reports. The institutional investor owned 662 shares of the company’s stock after selling 1,113 shares during the period. Creekmur Asset Management LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $26,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Principal Financial Group Inc. bought a new stake in shares of Global X U.S. Infrastructure Development ETF during the first quarter valued at approximately $103,108,000. Congress Wealth Management LLC DE raised its position in Global X U.S. Infrastructure Development ETF by 18.6% during the 4th quarter. Congress Wealth Management LLC DE now owns 2,956,322 shares of the company’s stock valued at $101,875,000 after purchasing an additional 463,636 shares in the last quarter. Meitav Investment House Ltd. lifted its holdings in shares of Global X U.S. Infrastructure Development ETF by 23.3% in the 4th quarter. Meitav Investment House Ltd. now owns 2,104,227 shares of the company’s stock worth $72,746,000 after buying an additional 397,578 shares during the period. CIBC Private Wealth Group LLC grew its position in shares of Global X U.S. Infrastructure Development ETF by 15.7% during the 4th quarter. CIBC Private Wealth Group LLC now owns 2,679,566 shares of the company’s stock worth $92,338,000 after buying an additional 362,821 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Global X U.S. Infrastructure Development ETF by 216.3% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 430,183 shares of the company’s stock valued at $17,126,000 after buying an additional 294,183 shares during the period.

Global X U.S. Infrastructure Development ETF Stock Up 1.6 %

BATS:PAVE traded up $0.64 during mid-day trading on Thursday, reaching $39.96. The company’s stock had a trading volume of 2,018,547 shares. Global X U.S. Infrastructure Development ETF has a 1 year low of $13.80 and a 1 year high of $17.80. The stock has a fifty day moving average of $37.92 and a 200-day moving average of $37.61. The firm has a market capitalization of $7.65 billion, a PE ratio of 20.28 and a beta of 1.13.

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.