Global X U.S. Infrastructure Development ETF (BATS:PAVE) Hits New 12-Month High at $37.63

Global X U.S. Infrastructure Development ETF (BATS:PAVE) shares hit a new 52-week high on Monday . The stock traded as high as $37.63 and last traded at $37.41, with a volume of 1962802 shares traded. The stock had previously closed at $37.00.

Global X U.S. Infrastructure Development ETF Price Performance

The business has a 50-day moving average of $38.12 and a two-hundred day moving average of $38.21. The company has a market cap of $7.22 billion, a P/E ratio of 20.28 and a beta of 1.13.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Farmers & Merchants Investments Inc. raised its holdings 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 valued at $27,000 after buying an additional 659 shares during the period. Blue Trust Inc. lifted its position in shares of Global X U.S. Infrastructure Development ETF by 164.9% during the 2nd quarter. Blue Trust Inc. now owns 816 shares of the company’s stock worth $32,000 after buying an additional 508 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Global X U.S. Infrastructure Development ETF during the second quarter worth about $33,000. Richardson Capital Management LLC raised its position in Global X U.S. Infrastructure Development ETF by 422.5% in the 1st quarter. Richardson Capital Management LLC now owns 977 shares of the company’s stock valued at $39,000 after purchasing an additional 790 shares during the last quarter. Finally, Clear Point Advisors Inc. purchased a new position in shares of Global X U.S. Infrastructure Development ETF during the second quarter worth about $40,000.

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.