Global X U.S. Infrastructure Development ETF (BATS:PAVE) Reaches New 12-Month High at $37.44

Global X U.S. Infrastructure Development ETF (BATS:PAVE)’s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $37.44 and last traded at $37.06, with a volume of 671537 shares changing hands. The stock had previously closed at $37.34.

Global X U.S. Infrastructure Development ETF Stock Down 0.7 %

The company has a market cap of $7.10 billion, a price-to-earnings ratio of 20.28 and a beta of 1.13. The company has a 50 day moving average price of $37.73 and a 200-day moving average price of $37.82.

Institutional Trading of 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. Kovack Advisors Inc. increased its position in Global X U.S. Infrastructure Development ETF by 3.7% during the 4th quarter. Kovack Advisors Inc. now owns 8,355 shares of the company’s stock valued at $288,000 after purchasing an additional 297 shares during the period. Signaturefd LLC boosted its holdings in shares of Global X U.S. Infrastructure Development ETF by 10.2% during the 2nd quarter. Signaturefd LLC now owns 3,254 shares of the company’s stock worth $120,000 after buying an additional 300 shares in the last quarter. RiverFront Investment Group LLC boosted its holdings in shares of Global X U.S. Infrastructure Development ETF by 3.5% during the 4th quarter. RiverFront Investment Group LLC now owns 9,220 shares of the company’s stock worth $317,000 after buying an additional 311 shares in the last quarter. American Institute for Advanced Investment Management LLP boosted its holdings in shares of Global X U.S. Infrastructure Development ETF by 0.7% during the 1st quarter. American Institute for Advanced Investment Management LLP now owns 43,969 shares of the company’s stock worth $1,750,000 after buying an additional 324 shares in the last quarter. Finally, TAP Consulting LLC boosted its holdings in shares of Global X U.S. Infrastructure Development ETF by 0.6% during the 4th quarter. TAP Consulting LLC now owns 52,893 shares of the company’s stock worth $1,823,000 after buying an additional 326 shares in 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.