Kraft Davis & Associates LLC Reduces Position in Global X U.S. Infrastructure Development ETF (BATS:PAVE)

Kraft Davis & Associates LLC reduced its stake in Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 22.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,359 shares of the company’s stock after selling 1,564 shares during the quarter. Kraft Davis & Associates LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $223,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Sofi Wealth LLC acquired a new position in Global X U.S. Infrastructure Development ETF in the fourth quarter valued at $28,000. MassMutual Private Wealth & Trust FSB acquired a new position in shares of Global X U.S. Infrastructure Development ETF during the 4th quarter valued at about $28,000. Crowley Wealth Management Inc. purchased a new position in shares of Global X U.S. Infrastructure Development ETF during the 4th quarter worth about $28,000. Hanson & Doremus Investment Management acquired a new stake in shares of Global X U.S. Infrastructure Development ETF in the fourth quarter worth approximately $28,000. Finally, Key Financial Inc boosted its position in shares of Global X U.S. Infrastructure Development ETF by 613.2% in the fourth quarter. Key Financial Inc now owns 756 shares of the company’s stock worth $31,000 after acquiring an additional 650 shares during the last quarter.

Global X U.S. Infrastructure Development ETF Stock Performance

Shares of PAVE stock opened at $33.66 on Wednesday. The firm has a market capitalization of $6.86 billion, a price-to-earnings ratio of 21.56 and a beta of 1.21. Global X U.S. Infrastructure Development ETF has a one year low of $32.65 and a one year high of $46.18. The company has a 50 day moving average price of $39.37 and a 200 day moving average price of $41.40.

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.