Global X U.S. Infrastructure Development ETF $PAVE Shares Sold by Fortem Financial Group LLC

Fortem Financial Group LLC trimmed its holdings in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 30.6% in the first quarter, HoldingsChannel reports. The institutional investor owned 82,787 shares of the company’s stock after selling 36,458 shares during the quarter. Global X U.S. Infrastructure Development ETF accounts for about 1.1% of Fortem Financial Group LLC’s portfolio, making the stock its 27th largest holding. Fortem Financial Group LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $4,206,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Bank of Montreal Can lifted its position in shares of Global X U.S. Infrastructure Development ETF by 3.7% during the 4th quarter. Bank of Montreal Can now owns 24,643,304 shares of the company’s stock valued at $1,177,704,000 after acquiring an additional 868,412 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of Global X U.S. Infrastructure Development ETF by 7.2% during the 3rd quarter. Bank of America Corp DE now owns 24,259,423 shares of the company’s stock worth $1,155,476,000 after acquiring an additional 1,625,360 shares in the last quarter. Morgan Stanley grew its holdings in shares of Global X U.S. Infrastructure Development ETF by 2.9% in the 4th quarter. Morgan Stanley now owns 10,218,475 shares of the company’s stock worth $488,341,000 after acquiring an additional 288,691 shares during the last quarter. LPL Financial LLC grew its holdings in shares of Global X U.S. Infrastructure Development ETF by 4.7% in the 4th quarter. LPL Financial LLC now owns 7,627,988 shares of the company’s stock worth $364,542,000 after acquiring an additional 340,014 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. raised its position in shares of Global X U.S. Infrastructure Development ETF by 37.3% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 6,239,139 shares of the company’s stock worth $299,095,000 after purchasing an additional 1,694,808 shares during the period.

Global X U.S. Infrastructure Development ETF Price Performance

Shares of Global X U.S. Infrastructure Development ETF stock opened at $58.56 on Friday. Global X U.S. Infrastructure Development ETF has a 12-month low of $41.65 and a 12-month high of $59.21. The firm has a market capitalization of $11.57 billion, a PE ratio of 23.34 and a beta of 1.24. The stock’s fifty day moving average is $56.19 and its 200-day moving average is $52.94.

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. PAVE was launched on Mar 6, 2017 and is managed by Global X.