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

Sowell Financial Services LLC lessened its stake in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 77.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor 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 reporting period.

Other large investors have also added to or reduced their stakes in the company. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in Global X U.S. Infrastructure Development ETF by 43.3% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 8,938,139 shares of the company’s stock worth $454,147,000 after acquiring an additional 2,699,000 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Global X U.S. Infrastructure Development ETF by 24.5% in the second quarter. Envestnet Asset Management Inc. now owns 5,089,117 shares of the company’s stock worth $299,851,000 after acquiring an additional 1,001,544 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of Global X U.S. Infrastructure Development ETF by 3.7% during the first quarter. Bank of America Corp DE now owns 25,499,439 shares of the company’s stock valued at $1,295,627,000 after acquiring an additional 903,562 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Global X U.S. Infrastructure Development ETF by 46.0% during the first quarter. Principal Financial Group Inc. now owns 1,567,475 shares of the company’s stock valued at $79,643,000 after acquiring an additional 494,075 shares in the last quarter. Finally, Tidal Investments LLC bought a new position in shares of Global X U.S. Infrastructure Development ETF during the second quarter valued at $18,416,000.

Global X U.S. Infrastructure Development ETF Price Performance

PAVE opened at $51.60 on Friday. The stock has a 50-day moving average price of $54.03 and a 200-day moving average price of $55.72. The firm has a market cap of $10.19 billion, a PE ratio of 23.34 and a beta of 1.24. Global X U.S. Infrastructure Development ETF has a 1 year low of $45.44 and a 1 year 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.