Global X U.S. Infrastructure Development ETF $PAVE Holdings Lowered by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. cut its stake in Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 5.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,826,796 shares of the company’s stock after selling 101,207 shares during the period. Northwestern Mutual Wealth Management Co. owned approximately 0.92% of Global X U.S. Infrastructure Development ETF worth $87,303,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Darwin Wealth Management LLC bought a new position in Global X U.S. Infrastructure Development ETF during the 2nd quarter valued at $25,000. eCIO Inc. bought a new stake in shares of Global X U.S. Infrastructure Development ETF in the 4th quarter worth $27,000. Fortitude Family Office LLC acquired a new stake in shares of Global X U.S. Infrastructure Development ETF in the fourth quarter valued at $33,000. Millstone Evans Group LLC acquired a new stake in shares of Global X U.S. Infrastructure Development ETF in the fourth quarter valued at $33,000. Finally, JNBA Financial Advisors boosted its stake in Global X U.S. Infrastructure Development ETF by 40.4% during the fourth quarter. JNBA Financial Advisors now owns 712 shares of the company’s stock valued at $34,000 after buying an additional 205 shares in the last quarter.

Global X U.S. Infrastructure Development ETF Stock Down 0.2%

BATS:PAVE opened at $56.31 on Friday. Global X U.S. Infrastructure Development ETF has a 52-week low of $41.04 and a 52-week high of $58.55. The firm has a market cap of $11.12 billion, a P/E ratio of 23.34 and a beta of 1.24. The business’s 50-day moving average price is $54.23 and its 200 day moving average price is $51.89.

Global X U.S. Infrastructure Development ETF Company 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. PAVE was launched on Mar 6, 2017 and is managed by Global X.