Raymond James & Associates Sells 45,580 Shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE)

Raymond James & Associates cut its stake in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 8.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 475,490 shares of the company’s stock after selling 45,580 shares during the quarter. Raymond James & Associates’ holdings in Global X U.S. Infrastructure Development ETF were worth $17,603,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Kovack Advisors Inc. raised its position in shares of 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 worth $288,000 after acquiring an additional 297 shares in the last quarter. RiverFront Investment Group LLC grew its position in Global X U.S. Infrastructure Development ETF by 3.5% during the 4th quarter. RiverFront Investment Group LLC now owns 9,220 shares of the company’s stock worth $317,000 after purchasing an additional 311 shares during the period. American Institute for Advanced Investment Management LLP raised its position in Global X U.S. Infrastructure Development ETF by 0.7% during the first quarter. American Institute for Advanced Investment Management LLP now owns 43,969 shares of the company’s stock valued at $1,750,000 after acquiring an additional 324 shares in the last quarter. TAP Consulting LLC increased its holdings in Global X U.S. Infrastructure Development ETF by 0.6% in the fourth quarter. TAP Consulting LLC now owns 52,893 shares of the company’s stock valued at $1,823,000 after buying an additional 326 shares in the last quarter. Finally, Trademark Financial Management LLC boosted its stake in shares of Global X U.S. Infrastructure Development ETF by 1.6% during the 1st quarter. Trademark Financial Management LLC now owns 21,597 shares of the company’s stock worth $860,000 after acquiring an additional 336 shares in the last quarter.

Global X U.S. Infrastructure Development ETF Trading Down 0.4 %

BATS:PAVE opened at $38.40 on Friday. The stock has a 50 day moving average of $37.80 and a two-hundred day moving average of $37.98. 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 has a market cap of $7.36 billion, a P/E ratio of 20.28 and a beta of 1.13.

About Global X U.S. Infrastructure Development ETF

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.