Global X U.S. Infrastructure Development ETF $PAVE Stock: Sowell Financial Services LLC Decreases Holdings

Sowell Financial Services LLC decreased its position in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 77.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm 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 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. Bank of America Corp DE raised its holdings in shares of Global X U.S. Infrastructure Development ETF by 3.7% in 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 buying an additional 903,562 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. boosted its stake in shares of Global X U.S. Infrastructure Development ETF by 43.3% during 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 buying an additional 2,699,000 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of Global X U.S. Infrastructure Development ETF by 24.5% during the second quarter. Envestnet Asset Management Inc. now owns 5,089,117 shares of the company’s stock worth $299,851,000 after buying an additional 1,001,544 shares during the period. Royal Bank of Canada grew its holdings in shares of Global X U.S. Infrastructure Development ETF by 8.1% during the first quarter. Royal Bank of Canada now owns 1,610,656 shares of the company’s stock worth $81,837,000 after buying an additional 120,091 shares during the last quarter. Finally, Principal Financial Group Inc. grew 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 worth $79,643,000 after buying an additional 494,075 shares during the last quarter.

Global X U.S. Infrastructure Development ETF Stock Performance

Global X U.S. Infrastructure Development ETF stock opened at $53.52 on Monday. The stock has a 50 day moving average of $53.68 and a two-hundred day moving average of $54.70. Global X U.S. Infrastructure Development ETF has a twelve month low of $45.44 and a twelve month high of $60.43. The stock has a market capitalization of $10.57 billion, a price-to-earnings ratio of 23.34 and a beta of 1.24.

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.