Global X U.S. Infrastructure Development ETF (BATS:PAVE) Hits New 1-Year High at $37.81

Global X U.S. Infrastructure Development ETF (BATS:PAVE) shares hit a new 52-week high during trading on Monday . The stock traded as high as $37.81 and last traded at $37.51, with a volume of 679300 shares. The stock had previously closed at $37.42.

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

The company’s fifty day simple moving average is $38.15 and its 200 day simple moving average is $36.89. The firm has a market capitalization of $7.07 billion, a PE ratio of 20.28 and a beta of 1.13.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in PAVE. Principal Financial Group Inc. bought a new position in Global X U.S. Infrastructure Development ETF in the first quarter worth $103,108,000. JPMorgan Chase & Co. lifted its position in Global X U.S. Infrastructure Development ETF by 25.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,532,657 shares of the company’s stock valued at $137,702,000 after acquiring an additional 932,741 shares during the period. Cetera Investment Advisers boosted its stake in Global X U.S. Infrastructure Development ETF by 325.0% during the first quarter. Cetera Investment Advisers now owns 922,494 shares of the company’s stock worth $36,724,000 after acquiring an additional 705,438 shares in the last quarter. Schroder Investment Management Group purchased a new stake in Global X U.S. Infrastructure Development ETF in the third quarter worth about $14,964,000. Finally, Congress Wealth Management LLC DE increased its stake in shares of Global X U.S. Infrastructure Development ETF by 18.6% during the fourth quarter. Congress Wealth Management LLC DE now owns 2,956,322 shares of the company’s stock valued at $101,875,000 after purchasing an additional 463,636 shares in the last quarter.

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.