Sowell Financial Services LLC Sells 5,670 Shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE)

Sowell Financial Services LLC lessened its stake in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 21.0% in the 4th quarter, Holdings Channel reports. The firm owned 21,319 shares of the company’s stock after selling 5,670 shares during the period. Sowell Financial Services LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $861,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in PAVE. BOK Financial Private Wealth Inc. boosted its position in shares of Global X U.S. Infrastructure Development ETF by 395.6% during the 4th quarter. BOK Financial Private Wealth Inc. now owns 2,478 shares of the company’s stock valued at $100,000 after acquiring an additional 1,978 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in Global X U.S. Infrastructure Development ETF by 37.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 65,469 shares of the company’s stock valued at $2,646,000 after purchasing an additional 17,951 shares in the last quarter. Ethos Financial Group LLC lifted its position in Global X U.S. Infrastructure Development ETF by 2.3% during the fourth quarter. Ethos Financial Group LLC now owns 43,997 shares of the company’s stock valued at $1,784,000 after purchasing an additional 996 shares during the last quarter. Raymond James Financial Inc. bought a new position in Global X U.S. Infrastructure Development ETF during the fourth quarter valued at $84,168,000. Finally, Proficio Capital Partners LLC purchased a new position in shares of Global X U.S. Infrastructure Development ETF in the 4th quarter worth $771,000.

Global X U.S. Infrastructure Development ETF Trading Down 8.5 %

Shares of BATS PAVE opened at $37.94 on Tuesday. Global X U.S. Infrastructure Development ETF has a 12-month low of $13.80 and a 12-month high of $17.80. The firm’s 50-day moving average price is $41.20 and its 200-day moving average price is $41.61. The stock has a market capitalization of $7.96 billion, a price-to-earnings ratio of 23.20 and a beta of 1.25.

Global X U.S. Infrastructure Development ETF Dividend Announcement

The business also recently disclosed a dividend, which was paid on Tuesday, January 7th. Shareholders of record on Monday, December 30th were given a dividend of $0.1394 per share. The ex-dividend date was Monday, December 30th.

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.