Brookstone Capital Management Sells 9,743 Shares of Global X U.S. Infrastructure Development ETF $PAVE

Brookstone Capital Management trimmed its holdings in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 36.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,002 shares of the company’s stock after selling 9,743 shares during the quarter. Brookstone Capital Management’s holdings in Global X U.S. Infrastructure Development ETF were worth $741,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of PAVE. Sovran Advisors LLC increased its holdings in Global X U.S. Infrastructure Development ETF by 3.9% during the first quarter. Sovran Advisors LLC now owns 50,493 shares of the company’s stock valued at $1,828,000 after buying an additional 1,906 shares during the period. Stonebridge Financial Group LLC increased its holdings in Global X U.S. Infrastructure Development ETF by 7.5% during the first quarter. Stonebridge Financial Group LLC now owns 7,782 shares of the company’s stock valued at $294,000 after buying an additional 542 shares during the period. Ameritas Advisory Services LLC increased its holdings in Global X U.S. Infrastructure Development ETF by 8.5% during the first quarter. Ameritas Advisory Services LLC now owns 455,420 shares of the company’s stock valued at $17,249,000 after buying an additional 35,610 shares during the period. Valley National Advisers Inc. increased its holdings in Global X U.S. Infrastructure Development ETF by 105.1% during the first quarter. Valley National Advisers Inc. now owns 7,436 shares of the company’s stock valued at $280,000 after buying an additional 3,810 shares during the period. Finally, Koshinski Asset Management Inc. increased its holdings in Global X U.S. Infrastructure Development ETF by 3.8% during the first quarter. Koshinski Asset Management Inc. now owns 33,571 shares of the company’s stock valued at $1,267,000 after buying an additional 1,236 shares during the period.

Global X U.S. Infrastructure Development ETF Trading Up 16.6%

BATS PAVE opened at $48.35 on Monday. The firm’s fifty day simple moving average is $46.98 and its two-hundred day simple moving average is $43.91. Global X U.S. Infrastructure Development ETF has a 12-month low of $32.65 and a 12-month high of $46.26. The firm has a market capitalization of $9.55 billion, a P/E ratio of 23.34 and a beta of 1.24.

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.