Transamerica Financial Advisors Inc. Has $2.67 Million Stock Position in Global X U.S. Infrastructure Development ETF (BATS:PAVE)

Transamerica Financial Advisors Inc. reduced its holdings in Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 41.9% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 64,965 shares of the company’s stock after selling 46,930 shares during the quarter. Transamerica Financial Advisors Inc.’s holdings in Global X U.S. Infrastructure Development ETF were worth $2,674,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. FMR LLC raised its holdings in shares of Global X U.S. Infrastructure Development ETF by 18.2% during the third quarter. FMR LLC now owns 36,497 shares of the company’s stock valued at $1,502,000 after purchasing an additional 5,619 shares during the period. D.A. Davidson & CO. raised its stake in Global X U.S. Infrastructure Development ETF by 35.3% during the 3rd quarter. D.A. Davidson & CO. now owns 38,246 shares of the company’s stock worth $1,574,000 after buying an additional 9,974 shares during the period. Elios Financial Group Inc. bought a new position in Global X U.S. Infrastructure Development ETF in the third quarter worth approximately $230,000. Bank of Montreal Can grew its stake in Global X U.S. Infrastructure Development ETF by 3.0% in the third quarter. Bank of Montreal Can now owns 20,077,534 shares of the company’s stock valued at $822,978,000 after acquiring an additional 586,418 shares during the period. Finally, Fisher Asset Management LLC bought a new stake in shares of Global X U.S. Infrastructure Development ETF during the third quarter valued at approximately $295,000.

Global X U.S. Infrastructure Development ETF Price Performance

Shares of BATS:PAVE traded up $0.57 during trading on Tuesday, reaching $45.95. 2,109,647 shares of the stock were exchanged. 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 $42.23 and a two-hundred day moving average of $39.55. The firm has a market cap of $8.80 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.