Clal Insurance Enterprises Holdings Ltd Trims Stock Holdings in Global X U.S. Infrastructure Development ETF (BATS:PAVE)

Clal Insurance Enterprises Holdings Ltd cut its holdings in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 0.8% during the third quarter, HoldingsChannel.com reports. The fund owned 5,954,750 shares of the company’s stock after selling 45,250 shares during the quarter. Global X U.S. Infrastructure Development ETF makes up 2.2% of Clal Insurance Enterprises Holdings Ltd’s holdings, making the stock its 17th largest position. Clal Insurance Enterprises Holdings Ltd’s holdings in Global X U.S. Infrastructure Development ETF were worth $245,098,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the business. Bank of Montreal Can increased its stake in Global X U.S. Infrastructure Development ETF by 11.0% in the second quarter. Bank of Montreal Can now owns 19,491,116 shares of the company’s stock valued at $726,044,000 after purchasing an additional 1,928,517 shares during the period. Meitav Investment House Ltd. raised its stake in Global X U.S. Infrastructure Development ETF by 9.9% during the 2nd quarter. Meitav Investment House Ltd. now owns 2,696,368 shares of the company’s stock valued at $99,905,000 after acquiring an additional 242,141 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in Global X U.S. Infrastructure Development ETF by 14.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,610,146 shares of the company’s stock valued at $59,608,000 after acquiring an additional 198,255 shares during the last quarter. Commonwealth Equity Services LLC grew its stake in shares of Global X U.S. Infrastructure Development ETF by 19.9% in the 3rd quarter. Commonwealth Equity Services LLC now owns 1,386,938 shares of the company’s stock valued at $57,086,000 after purchasing an additional 229,948 shares during the last quarter. Finally, First Interstate Bank increased its holdings in shares of Global X U.S. Infrastructure Development ETF by 47.6% in the third quarter. First Interstate Bank now owns 1,109,398 shares of the company’s stock valued at $45,663,000 after purchasing an additional 357,771 shares during the period.

Global X U.S. Infrastructure Development ETF Price Performance

Global X U.S. Infrastructure Development ETF stock opened at $45.37 on Friday. The business has a 50 day simple moving average of $42.09 and a 200-day simple moving average of $39.49. Global X U.S. Infrastructure Development ETF has a 12 month low of $13.80 and a 12 month high of $17.80. The stock has a market capitalization of $8.69 billion, a PE 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.