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

Global X U.S. Infrastructure Development ETF (BATS:PAVE) shares reached a new 52-week high during trading on Monday . The stock traded as high as $42.50 and last traded at $40.27, with a volume of 4220023 shares. The stock had previously closed at $41.45.

Global X U.S. Infrastructure Development ETF Trading Down 5.6 %

The firm has a market capitalization of $8.21 billion, a P/E ratio of 23.20 and a beta of 1.25. The stock has a 50-day simple moving average of $41.42 and a two-hundred day simple moving average of $41.60.

Global X U.S. Infrastructure Development ETF Announces Dividend

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

Hedge Funds Weigh In On Global X U.S. Infrastructure Development ETF

Institutional investors have recently bought and sold shares of the business. Comprehensive Money Management Services LLC purchased a new position in shares of Global X U.S. Infrastructure Development ETF in the 4th quarter valued at $1,346,000. Park Square Financial Group LLC purchased a new position in Global X U.S. Infrastructure Development ETF in the fourth quarter valued at about $110,000. Great Valley Advisor Group Inc. grew its stake in Global X U.S. Infrastructure Development ETF by 6.9% in the fourth quarter. Great Valley Advisor Group Inc. now owns 505,165 shares of the company’s stock valued at $20,413,000 after purchasing an additional 32,790 shares during the last quarter. Ameriflex Group Inc. bought a new position in Global X U.S. Infrastructure Development ETF in the fourth quarter worth about $199,000. Finally, ARQ Wealth Advisors LLC purchased a new stake in shares of Global X U.S. Infrastructure Development ETF during the fourth quarter valued at about $1,215,000.

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.