Global X U.S. Infrastructure Development ETF (BATS:PAVE) Hits New 12-Month High at $38.32

Global X U.S. Infrastructure Development ETF (BATS:PAVE)’s stock price reached a new 52-week high on Monday . The stock traded as high as $38.32 and last traded at $38.32, with a volume of 429317 shares traded. The stock had previously closed at $38.08.

Global X U.S. Infrastructure Development ETF Price Performance

The firm has a market capitalization of $7.38 billion, a P/E ratio of 20.28 and a beta of 1.13. The firm has a 50-day moving average price of $37.79 and a two-hundred day moving average price of $37.97.

Institutional Trading of Global X U.S. Infrastructure Development ETF

Several institutional investors and hedge funds have recently made changes to their positions in PAVE. Farmers & Merchants Investments Inc. raised its holdings in shares of Global X U.S. Infrastructure Development ETF by 1,029.7% in the second quarter. Farmers & Merchants Investments Inc. now owns 723 shares of the company’s stock valued at $27,000 after acquiring an additional 659 shares in the last quarter. Blue Trust Inc. grew its stake in Global X U.S. Infrastructure Development ETF by 164.9% in the second quarter. Blue Trust Inc. now owns 816 shares of the company’s stock valued at $32,000 after purchasing an additional 508 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Global X U.S. Infrastructure Development ETF in the second quarter valued at about $33,000. Richardson Capital Management LLC grew its stake in Global X U.S. Infrastructure Development ETF by 422.5% in the first quarter. Richardson Capital Management LLC now owns 977 shares of the company’s stock valued at $39,000 after purchasing an additional 790 shares during the last quarter. Finally, Clear Point Advisors Inc. purchased a new position in Global X U.S. Infrastructure Development ETF in the second quarter valued at about $40,000.

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.