47,882 Global X U.S. Infrastructure Development ETF $PAVE Shares Sold by Sowell Financial Services LLC

Sowell Financial Services LLC reduced its position in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 77.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,972 shares of the company’s stock after selling 47,882 shares during the period. Sowell Financial Services LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $734,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of PAVE. TD Waterhouse Canada Inc. lifted its position in Global X U.S. Infrastructure Development ETF by 57.7% in the second quarter. TD Waterhouse Canada Inc. now owns 28,311 shares of the company’s stock valued at $1,668,000 after buying an additional 10,356 shares during the last quarter. Capital Advantage Inc. boosted its stake in Global X U.S. Infrastructure Development ETF by 8.4% during the second quarter. Capital Advantage Inc. now owns 128,370 shares of the company’s stock worth $7,564,000 after buying an additional 9,927 shares during the period. Petra Financial Advisors Inc. purchased a new position in Global X U.S. Infrastructure Development ETF during the first quarter worth about $461,000. Integrated Wealth Concepts LLC increased its position in shares of Global X U.S. Infrastructure Development ETF by 111.0% during the second quarter. Integrated Wealth Concepts LLC now owns 75,832 shares of the company’s stock valued at $4,468,000 after acquiring an additional 39,885 shares during the last quarter. Finally, VectorGlobal IAG Inc. acquired a new stake in shares of Global X U.S. Infrastructure Development ETF during the first quarter valued at about $1,489,000.

Global X U.S. Infrastructure Development ETF Stock Performance

BATS:PAVE opened at $53.52 on Monday. The stock has a market capitalization of $10.57 billion, a P/E ratio of 23.34 and a beta of 1.24. The company has a 50 day moving average price of $53.68 and a 200 day moving average price of $54.70. Global X U.S. Infrastructure Development ETF has a fifty-two week low of $45.44 and a fifty-two week high of $60.43.

Global X U.S. Infrastructure Development ETF Company 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.