Global X U.S. Infrastructure Development ETF (BATS:PAVE) Reaches New 12-Month High – Still a Buy?

Global X U.S. Infrastructure Development ETF (BATS:PAVE) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $45.65 and last traded at $45.47, with a volume of 1095972 shares trading hands. The stock had previously closed at $45.09.

Global X U.S. Infrastructure Development ETF Stock Performance

The company has a market capitalization of $8.58 billion, a PE ratio of 20.28 and a beta of 1.13. The business’s 50-day moving average is $41.03 and its 200-day moving average is $39.15.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Avior Wealth Management LLC raised its holdings in Global X U.S. Infrastructure Development ETF by 3.9% in the third quarter. Avior Wealth Management LLC now owns 6,848 shares of the company’s stock worth $282,000 after buying an additional 254 shares during the last quarter. Signaturefd LLC raised its holdings in Global X U.S. Infrastructure Development ETF by 10.2% in the second quarter. Signaturefd LLC now owns 3,254 shares of the company’s stock worth $120,000 after buying an additional 300 shares during the last quarter. Richardson Capital Management LLC raised its holdings in Global X U.S. Infrastructure Development ETF by 8.3% in the third quarter. Richardson Capital Management LLC now owns 4,276 shares of the company’s stock worth $176,000 after buying an additional 326 shares during the last quarter. Cascade Financial Partners LLC raised its holdings in Global X U.S. Infrastructure Development ETF by 1.3% in the second quarter. Cascade Financial Partners LLC now owns 27,603 shares of the company’s stock worth $1,022,000 after buying an additional 353 shares during the last quarter. Finally, BOKF NA raised its holdings in shares of Global X U.S. Infrastructure Development ETF by 10.9% during the second quarter. BOKF NA now owns 3,800 shares of the company’s stock valued at $141,000 after purchasing an additional 375 shares during 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.