Bank Hapoalim BM Reduces Holdings in Global X U.S. Infrastructure Development ETF (BATS:PAVE)

Bank Hapoalim BM decreased its stake in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 72.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 113,850 shares of the company’s stock after selling 305,365 shares during the period. Bank Hapoalim BM owned approximately 0.06% of Global X U.S. Infrastructure Development ETF worth $4,686,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Sequoia Financial Advisors LLC raised its holdings in Global X U.S. Infrastructure Development ETF by 2.2% in the third quarter. Sequoia Financial Advisors LLC now owns 19,739 shares of the company’s stock worth $812,000 after purchasing an additional 422 shares in the last quarter. Oppenheimer & Co. Inc. increased its stake in shares of Global X U.S. Infrastructure Development ETF by 27.3% in the 1st quarter. Oppenheimer & Co. Inc. now owns 108,261 shares of the company’s stock worth $4,310,000 after acquiring an additional 23,246 shares in the last quarter. Raymond James & Associates increased its stake in shares of Global X U.S. Infrastructure Development ETF by 64.3% in the 3rd quarter. Raymond James & Associates now owns 781,038 shares of the company’s stock worth $32,148,000 after acquiring an additional 305,548 shares in the last quarter. Granite Bay Wealth Management LLC purchased a new position in Global X U.S. Infrastructure Development ETF during the 2nd quarter valued at about $3,081,000. Finally, Comerica Bank boosted its stake in Global X U.S. Infrastructure Development ETF by 10.4% during the first quarter. Comerica Bank now owns 38,523 shares of the company’s stock worth $1,534,000 after acquiring an additional 3,619 shares in the last quarter.

Global X U.S. Infrastructure Development ETF Stock Performance

Shares of BATS PAVE opened at $41.50 on Thursday. The company has a 50 day simple moving average of $40.20 and a two-hundred day simple moving average of $38.78. Global X U.S. Infrastructure Development ETF has a fifty-two week low of $13.80 and a fifty-two week high of $17.80. The company has a market capitalization of $7.95 billion, a price-to-earnings 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.