Global X U.S. Infrastructure Development ETF (BATS:PAVE) Shares Sold by Powell Investment Advisors LLC

Powell Investment Advisors LLC trimmed its holdings in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 28.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,010 shares of the company’s stock after selling 16,421 shares during the quarter. Global X U.S. Infrastructure Development ETF makes up approximately 0.9% of Powell Investment Advisors LLC’s investment portfolio, making the stock its 19th largest position. Powell Investment Advisors LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $1,633,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Kovack Advisors Inc. raised its holdings in Global X U.S. Infrastructure Development ETF by 3.7% in the 4th quarter. Kovack Advisors Inc. now owns 8,355 shares of the company’s stock valued at $288,000 after acquiring an additional 297 shares during the last quarter. RiverFront Investment Group LLC lifted its position in shares of Global X U.S. Infrastructure Development ETF by 3.5% during the fourth quarter. RiverFront Investment Group LLC now owns 9,220 shares of the company’s stock worth $317,000 after purchasing an additional 311 shares in the last quarter. Pinnacle Associates Ltd. boosted its stake in shares of Global X U.S. Infrastructure Development ETF by 4.7% in the fourth quarter. Pinnacle Associates Ltd. now owns 7,170 shares of the company’s stock valued at $247,000 after purchasing an additional 325 shares during the period. TAP Consulting LLC lifted its holdings in Global X U.S. Infrastructure Development ETF by 0.6% during the 4th quarter. TAP Consulting LLC now owns 52,893 shares of the company’s stock worth $1,823,000 after buying an additional 326 shares in the last quarter. Finally, Dfpg Investments LLC boosted its position in Global X U.S. Infrastructure Development ETF by 1.7% in the 4th quarter. Dfpg Investments LLC now owns 23,515 shares of the company’s stock valued at $786,000 after buying an additional 393 shares during the period.

Global X U.S. Infrastructure Development ETF Stock Performance

Shares of Global X U.S. Infrastructure Development ETF stock traded up $0.07 during trading hours on Friday, reaching $37.01. 1,512,294 shares of the company were exchanged. The firm has a market cap of $7.09 billion, a PE ratio of 20.28 and a beta of 1.13. Global X U.S. Infrastructure Development ETF has a 1 year low of $13.80 and a 1 year high of $17.80. The stock’s fifty day moving average is $38.14 and its 200 day moving average is $36.89.

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.