Global X U.S. Infrastructure Development ETF (BATS:PAVE) Shares Sold by MFA Wealth Advisors LLC

MFA Wealth Advisors LLC reduced its position in Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 10.3% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 301,109 shares of the company’s stock after selling 34,397 shares during the quarter. Global X U.S. Infrastructure Development ETF comprises approximately 2.7% of MFA Wealth Advisors LLC’s holdings, making the stock its 13th largest position. MFA Wealth Advisors LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $12,394,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Farmers & Merchants Investments Inc. increased its position in shares of Global X U.S. Infrastructure Development ETF by 1,029.7% during the second quarter. Farmers & Merchants Investments Inc. now owns 723 shares of the company’s stock worth $27,000 after acquiring an additional 659 shares during the period. Blue Trust Inc. increased its holdings in Global X U.S. Infrastructure Development ETF by 164.9% during the 2nd quarter. Blue Trust Inc. now owns 816 shares of the company’s stock worth $32,000 after purchasing an additional 508 shares during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Global X U.S. Infrastructure Development ETF in the 2nd quarter valued at about $33,000. First PREMIER Bank acquired a new stake in Global X U.S. Infrastructure Development ETF in the 3rd quarter valued at about $39,000. Finally, Richardson Capital Management LLC boosted its stake in shares of Global X U.S. Infrastructure Development ETF by 422.5% in the 1st quarter. Richardson Capital Management LLC now owns 977 shares of the company’s stock valued at $39,000 after buying an additional 790 shares during the period.

Global X U.S. Infrastructure Development ETF Stock Performance

PAVE stock opened at $41.51 on Thursday. The company’s 50 day moving average price is $39.87 and its 200 day moving average price is $38.69. The firm has a market capitalization of $7.95 billion, a price-to-earnings ratio of 20.28 and a beta of 1.13. Global X U.S. Infrastructure Development ETF has a fifty-two week low of $13.80 and a fifty-two week high of $17.80.

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.