Burke & Herbert Bank & Trust Co. Decreases Holdings in Global X U.S. Infrastructure Development ETF (BATS:PAVE)

Burke & Herbert Bank & Trust Co. cut its stake in Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 1.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 58,805 shares of the company’s stock after selling 615 shares during the quarter. Burke & Herbert Bank & Trust Co.’s holdings in Global X U.S. Infrastructure Development ETF were worth $2,420,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Farmers & Merchants Investments Inc. boosted its stake in shares of Global X U.S. Infrastructure Development ETF by 1,029.7% during the second quarter. Farmers & Merchants Investments Inc. now owns 723 shares of the company’s stock valued at $27,000 after purchasing an additional 659 shares in the last quarter. Blue Trust Inc. lifted its stake in Global X U.S. Infrastructure Development ETF by 164.9% during the 2nd quarter. Blue Trust Inc. now owns 816 shares of the company’s stock valued at $32,000 after acquiring an additional 508 shares during the period. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Global X U.S. Infrastructure Development ETF in the second quarter valued at $33,000. First PREMIER Bank purchased a new position in shares of Global X U.S. Infrastructure Development ETF during the 3rd quarter valued at about $39,000. Finally, Richardson Capital Management LLC lifted its holdings in shares of Global X U.S. Infrastructure Development ETF by 422.5% in the 1st quarter. Richardson Capital Management LLC now owns 977 shares of the company’s stock valued at $39,000 after buying an additional 790 shares during the period.

Global X U.S. Infrastructure Development ETF Stock Down 0.1 %

Shares of BATS:PAVE traded down $0.06 during trading on Friday, hitting $41.45. 589,742 shares of the stock traded hands. The company has a fifty day moving average price of $39.87 and a two-hundred day moving average price of $38.69. Global X U.S. Infrastructure Development ETF has a 52-week low of $13.80 and a 52-week high of $17.80. The company has a market cap of $7.94 billion, a price-to-earnings ratio of 20.28 and a beta of 1.13.

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.