SlateStone Wealth LLC Decreases Position in Global X U.S. Infrastructure Development ETF (BATS:PAVE)

SlateStone Wealth LLC cut its stake in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 10.5% during the first quarter, HoldingsChannel reports. The firm owned 18,501 shares of the company’s stock after selling 2,160 shares during the quarter. SlateStone Wealth LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $698,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bank of Montreal Can raised its holdings in shares of Global X U.S. Infrastructure Development ETF by 10.7% in the fourth quarter. Bank of Montreal Can now owns 22,235,543 shares of the company’s stock worth $898,538,000 after buying an additional 2,158,009 shares during the period. Wells Fargo & Company MN raised its holdings in shares of Global X U.S. Infrastructure Development ETF by 26.8% in the fourth quarter. Wells Fargo & Company MN now owns 2,961,851 shares of the company’s stock worth $119,688,000 after buying an additional 626,295 shares during the period. Focus Partners Wealth raised its holdings in shares of Global X U.S. Infrastructure Development ETF by 1,198.0% in the fourth quarter. Focus Partners Wealth now owns 562,870 shares of the company’s stock worth $22,746,000 after buying an additional 519,507 shares during the period. Evergreen Capital Management LLC purchased a new stake in shares of Global X U.S. Infrastructure Development ETF in the fourth quarter worth approximately $17,494,000. Finally, CX Institutional raised its holdings in shares of Global X U.S. Infrastructure Development ETF by 265.5% in the first quarter. CX Institutional now owns 461,893 shares of the company’s stock worth $17,427,000 after buying an additional 335,530 shares during the period.

Global X U.S. Infrastructure Development ETF Stock Up 11.3%

Shares of BATS:PAVE opened at $46.12 on Thursday. Global X U.S. Infrastructure Development ETF has a 52-week low of $32.65 and a 52-week high of $46.26. The stock has a market cap of $9.11 billion, a P/E ratio of 23.34 and a beta of 1.24. The business’s 50 day moving average is $43.58 and its 200 day moving average is $40.95.

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.