Global X U.S. Infrastructure Development ETF (BATS:PAVE – Get Free Report) hit a new 52-week high on Monday . The stock traded as high as $37.81 and last traded at $37.54, with a volume of 877922 shares changing hands. The stock had previously closed at $37.29.
Global X U.S. Infrastructure Development ETF Price Performance
The firm’s fifty day moving average price is $38.18 and its two-hundred day moving average price is $34.41. The stock has a market cap of $7.31 billion, a price-to-earnings ratio of 20.75 and a beta of 1.13.
Institutional Investors Weigh In On Global X U.S. Infrastructure Development ETF
Several hedge funds and other institutional investors have recently made changes to their positions in PAVE. Crewe Advisors LLC increased its position in shares of Global X U.S. Infrastructure Development ETF by 1,094.0% during the third quarter. Crewe Advisors LLC now owns 1,003 shares of the company’s stock worth $30,000 after acquiring an additional 919 shares in the last quarter. Impact Partnership Wealth LLC bought a new stake in shares of Global X U.S. Infrastructure Development ETF during the third quarter worth about $31,000. Fifth Third Bancorp bought a new stake in shares of Global X U.S. Infrastructure Development ETF during the third quarter worth about $34,000. U S Global Investors Inc. bought a new stake in shares of Global X U.S. Infrastructure Development ETF during the fourth quarter worth about $34,000. Finally, Register Financial Advisors LLC bought a new stake in shares of Global X U.S. Infrastructure Development ETF during the fourth quarter worth about $35,000.
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.
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