Global X U.S. Infrastructure Development ETF (BATS:PAVE) Reaches New 12-Month High at $37.81

Global X U.S. Infrastructure Development ETF (BATS:PAVE)’s share price reached a new 52-week high on Monday . The company traded as high as $37.81 and last traded at $37.54, with a volume of 877922 shares. The stock had previously closed at $37.29.

Global X U.S. Infrastructure Development ETF Trading Up 0.9 %

The firm has a market cap of $7.31 billion, a P/E ratio of 20.75 and a beta of 1.13. The stock’s fifty day moving average is $38.18 and its two-hundred day moving average is $34.41.

Institutional Investors Weigh In On Global X U.S. Infrastructure Development ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Financial Freedom LLC raised its stake in Global X U.S. Infrastructure Development ETF by 6.3% during the 1st quarter. Financial Freedom LLC now owns 35,414 shares of the company’s stock worth $1,410,000 after acquiring an additional 2,109 shares during the period. Essex Financial Services Inc. raised its position in shares of Global X U.S. Infrastructure Development ETF by 29.4% during the first quarter. Essex Financial Services Inc. now owns 33,571 shares of the company’s stock valued at $1,336,000 after buying an additional 7,636 shares during the last quarter. Venturi Wealth Management LLC raised its position in shares of Global X U.S. Infrastructure Development ETF by 20.3% during the first quarter. Venturi Wealth Management LLC now owns 2,094 shares of the company’s stock valued at $83,000 after buying an additional 354 shares during the last quarter. Nations Financial Group Inc. IA ADV raised its position in shares of Global X U.S. Infrastructure Development ETF by 10.4% during the first quarter. Nations Financial Group Inc. IA ADV now owns 51,340 shares of the company’s stock valued at $2,044,000 after buying an additional 4,835 shares during the last quarter. Finally, Warner Financial Inc. bought a new stake in shares of Global X U.S. Infrastructure Development ETF during the first quarter valued at approximately $304,000.

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.