Endowment Wealth Management Inc. Decreases Stake in Global X U.S. Infrastructure Development ETF (BATS:PAVE)

Endowment Wealth Management Inc. lessened its stake in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 22.0% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,254 shares of the company’s stock after selling 1,481 shares during the quarter. Endowment Wealth Management Inc.’s holdings in Global X U.S. Infrastructure Development ETF were worth $216,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Farmers & Merchants Investments Inc. raised its position in Global X U.S. Infrastructure Development ETF by 1,029.7% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 723 shares of the company’s stock valued at $27,000 after purchasing an additional 659 shares during the last quarter. Blue Trust Inc. increased its stake in shares of Global X U.S. Infrastructure Development ETF by 164.9% during the second quarter. Blue Trust Inc. now owns 816 shares of the company’s stock valued at $32,000 after buying an additional 508 shares during the period. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Global X U.S. Infrastructure Development ETF in the second quarter valued at $33,000. First PREMIER Bank purchased a new position in Global X U.S. Infrastructure Development ETF during the 3rd quarter valued at $39,000. Finally, Clear Point Advisors Inc. bought a new position in Global X U.S. Infrastructure Development ETF in the 2nd quarter worth $40,000.

Global X U.S. Infrastructure Development ETF Trading Down 0.1 %

BATS:PAVE opened at $44.77 on Thursday. Global X U.S. Infrastructure Development ETF has a 12 month low of $13.80 and a 12 month high of $17.80. The company has a 50-day moving average price of $41.03 and a 200-day moving average price of $39.15. The stock has a market cap of $8.58 billion, a price-to-earnings ratio of 20.28 and a beta of 1.13.

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.