National Bank of Canada FI Sells 3,962 Shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE)

National Bank of Canada FI lessened its stake in Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 3.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 106,061 shares of the company’s stock after selling 3,962 shares during the period. National Bank of Canada FI owned 0.05% of Global X U.S. Infrastructure Development ETF worth $4,004,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in PAVE. Renaissance Technologies LLC bought a new stake in shares of Global X U.S. Infrastructure Development ETF during the 4th quarter valued at $1,742,000. Advisory Services Network LLC bought a new stake in shares of Global X U.S. Infrastructure Development ETF during the 4th quarter valued at $310,000. Townsquare Capital LLC raised its position in shares of Global X U.S. Infrastructure Development ETF by 8.2% during the 4th quarter. Townsquare Capital LLC now owns 9,201 shares of the company’s stock valued at $372,000 after acquiring an additional 695 shares during the last quarter. Barclays PLC bought a new stake in shares of Global X U.S. Infrastructure Development ETF during the 4th quarter valued at $121,000. Finally, NewEdge Advisors LLC increased its position in shares of Global X U.S. Infrastructure Development ETF by 11.3% in the 4th quarter. NewEdge Advisors LLC now owns 90,402 shares of the company’s stock valued at $3,653,000 after buying an additional 9,197 shares in the last quarter.

Global X U.S. Infrastructure Development ETF Stock Up 12.1%

PAVE opened at $46.46 on Friday. Global X U.S. Infrastructure Development ETF has a 12 month low of $32.65 and a 12 month high of $46.26. The company has a fifty day simple moving average of $44.48 and a 200 day simple moving average of $41.21. The stock has a market cap of $9.18 billion, a P/E ratio of 23.34 and a beta of 1.24.

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.