Valley Wealth Managers Inc. Sells 597,294 Shares of Global X U.S. Infrastructure Development ETF $PAVE

Valley Wealth Managers Inc. trimmed its holdings in Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 75.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 189,907 shares of the company’s stock after selling 597,294 shares during the period. Valley Wealth Managers Inc. owned about 0.10% of Global X U.S. Infrastructure Development ETF worth $9,970,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of PAVE. Compass Financial Management LLC bought a new position in shares of Global X U.S. Infrastructure Development ETF during the 2nd quarter valued at about $28,000. Axiom Investment Management LLC bought a new stake in Global X U.S. Infrastructure Development ETF during the 1st quarter worth approximately $28,000. NBT Bank N A NY acquired a new stake in Global X U.S. Infrastructure Development ETF during the 1st quarter worth approximately $29,000. Clearstead Trust LLC acquired a new stake in Global X U.S. Infrastructure Development ETF during the 1st quarter worth approximately $31,000. Finally, NBH Bank acquired a new stake in Global X U.S. Infrastructure Development ETF during the 2nd quarter worth approximately $44,000.

Global X U.S. Infrastructure Development ETF Stock Performance

Shares of PAVE opened at $53.45 on Friday. The firm has a market cap of $10.56 billion, a P/E ratio of 23.34 and a beta of 1.24. Global X U.S. Infrastructure Development ETF has a twelve month low of $45.44 and a twelve month high of $60.43. The firm’s 50 day moving average price is $55.16 and its two-hundred day moving average price is $55.57.

About Global X U.S. Infrastructure Development ETF

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.