Global X U.S. Infrastructure Development ETF (BATS:PAVE) Sets New 12-Month High – Here’s What Happened

Global X U.S. Infrastructure Development ETF (BATS:PAVE) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $42.50 and last traded at $42.04, with a volume of 4220023 shares changing hands. The stock had previously closed at $41.45.

Global X U.S. Infrastructure Development ETF Price Performance

The stock has a fifty day moving average price of $41.86 and a 200-day moving average price of $41.37. The company has a market cap of $8.11 billion, a PE ratio of 20.28 and a beta of 1.13.

Global X U.S. Infrastructure Development ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Tuesday, January 7th. Investors of record on Monday, December 30th were issued a dividend of $0.1394 per share. The ex-dividend date was Monday, December 30th.

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

Hedge funds and other institutional investors have recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Global X U.S. Infrastructure Development ETF by 7.6% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 50,661 shares of the company’s stock worth $2,085,000 after acquiring an additional 3,593 shares in the last quarter. Sequoia Financial Advisors LLC increased its position in Global X U.S. Infrastructure Development ETF by 2.2% during the third quarter. Sequoia Financial Advisors LLC now owns 19,739 shares of the company’s stock worth $812,000 after buying an additional 422 shares during the last quarter. Ameliora Wealth Management Ltd. acquired a new position in Global X U.S. Infrastructure Development ETF during the fourth quarter worth $162,000. Fisher Asset Management LLC acquired a new position in Global X U.S. Infrastructure Development ETF during the third quarter worth $295,000. Finally, JPMorgan Chase & Co. increased its position in Global X U.S. Infrastructure Development ETF by 10.9% during the third quarter. JPMorgan Chase & Co. now owns 657,342 shares of the company’s stock worth $27,056,000 after buying an additional 64,843 shares during the last quarter.

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.