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 Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 77.4% in the third quarter, Holdings Channel.com reports. 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 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in PAVE. Bank of America Corp DE lifted its position in Global X U.S. Infrastructure Development ETF by 3.7% in the 1st 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. Harel Insurance Investments & Financial Services Ltd. increased its holdings in shares of Global X U.S. Infrastructure Development ETF by 43.3% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 8,938,139 shares of the company’s stock worth $454,147,000 after purchasing an additional 2,699,000 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Global X U.S. Infrastructure Development ETF by 24.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 5,089,117 shares of the company’s stock worth $299,851,000 after purchasing an additional 1,001,544 shares in the last quarter. Moss Adams Wealth Advisors LLC raised its stake in shares of Global X U.S. Infrastructure Development ETF by 3.0% in the first quarter. Moss Adams Wealth Advisors LLC now owns 1,816,958 shares of the company’s stock worth $92,320,000 after purchasing an additional 52,695 shares during the last quarter. Finally, Royal Bank of Canada raised its stake in shares of Global X U.S. Infrastructure Development ETF by 8.1% in the first quarter. Royal Bank of Canada now owns 1,610,656 shares of the company’s stock worth $81,837,000 after purchasing an additional 120,091 shares during the last quarter.

Global X U.S. Infrastructure Development ETF Price Performance

Shares of BATS:PAVE opened at $51.60 on Friday. The company has a market cap of $10.19 billion, a P/E 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. The stock’s fifty day moving average price is $54.03 and its 200-day moving average price is $55.72.

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. PAVE was launched on Mar 6, 2017 and is managed by Global X.