Global X U.S. Infrastructure Development ETF (BATS:PAVE) Hits New 1-Year High – Here’s What Happened

Shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) hit a new 52-week high on Monday . The company traded as high as $44.23 and last traded at $44.02, with a volume of 749759 shares trading hands. The stock had previously closed at $43.81.

Global X U.S. Infrastructure Development ETF Stock Up 0.5 %

The firm has a 50-day moving average of $41.44 and a two-hundred day moving average of $39.29. The stock has a market capitalization of $8.43 billion, a price-to-earnings ratio of 20.28 and a beta of 1.13.

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

Several institutional investors have recently made changes to their positions in the stock. Farmers & Merchants Investments Inc. lifted its position in Global X U.S. Infrastructure Development ETF by 1,029.7% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 723 shares of the company’s stock worth $27,000 after buying an additional 659 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of Global X U.S. Infrastructure Development ETF by 164.9% during the second quarter. Blue Trust Inc. now owns 816 shares of the company’s stock worth $32,000 after acquiring an additional 508 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Global X U.S. Infrastructure Development ETF during the second quarter valued at $33,000. First PREMIER Bank purchased a new position in Global X U.S. Infrastructure Development ETF in the third quarter valued at about $39,000. Finally, Howe & Rusling Inc. purchased a new position in Global X U.S. Infrastructure Development ETF in the third quarter valued at about $39,000.

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.