Global X U.S. Infrastructure Development ETF (BATS:PAVE) Hits New 52-Week High at $39.20

Shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $39.20 and last traded at $37.93, with a volume of 876785 shares. The stock had previously closed at $39.42.

Global X U.S. Infrastructure Development ETF Stock Down 1.0 %

The company has a fifty day moving average of $38.07 and a 200 day moving average of $38.17. The company has a market cap of $7.15 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

Hedge funds and other institutional investors have recently made changes to their positions in the business. Principal Securities Inc. purchased a new stake in Global X U.S. Infrastructure Development ETF during the fourth quarter valued at approximately $796,000. Endowment Wealth Management Inc. bought a new position in Global X U.S. Infrastructure Development ETF in the 4th quarter worth $317,000. Pecaut & CO. lifted its position in Global X U.S. Infrastructure Development ETF by 2.6% during the fourth quarter. Pecaut & CO. now owns 186,186 shares of the company’s stock valued at $6,416,000 after purchasing an additional 4,652 shares in the last quarter. NBC Securities Inc. grew its holdings in Global X U.S. Infrastructure Development ETF by 11.4% during the fourth quarter. NBC Securities Inc. now owns 17,819 shares of the company’s stock valued at $614,000 after purchasing an additional 1,824 shares during the period. Finally, Avantax Advisory Services Inc. increased its position in Global X U.S. Infrastructure Development ETF by 87.6% in the fourth quarter. Avantax Advisory Services Inc. now owns 57,658 shares of the company’s stock worth $1,987,000 after buying an additional 26,931 shares in the last quarter.

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.