Global X U.S. Infrastructure Development ETF (BATS:PAVE) Reaches New 1-Year High – Here’s What Happened

Global X U.S. Infrastructure Development ETF (BATS:PAVE)’s share price reached a new 52-week high on Thursday . The company traded as high as $56.79 and last traded at $56.77, with a volume of 1458128 shares changing hands. The stock had previously closed at $55.13.

Global X U.S. Infrastructure Development ETF Trading Down 0.2%

The firm has a market cap of $11.20 billion, a P/E ratio of 23.34 and a beta of 1.24. The business’s fifty day moving average price is $53.12 and its two-hundred day moving average price is $50.78.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Bank of Montreal Can raised its holdings in shares of Global X U.S. Infrastructure Development ETF by 3.7% during the 4th quarter. Bank of Montreal Can now owns 24,643,304 shares of the company’s stock valued at $1,177,704,000 after purchasing an additional 868,412 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of Global X U.S. Infrastructure Development ETF by 7.2% during the 3rd quarter. Bank of America Corp DE now owns 24,259,423 shares of the company’s stock valued at $1,155,476,000 after purchasing an additional 1,625,360 shares in the last quarter. Morgan Stanley raised its holdings in shares of Global X U.S. Infrastructure Development ETF by 2.9% during the 4th quarter. Morgan Stanley now owns 10,218,475 shares of the company’s stock valued at $488,341,000 after purchasing an additional 288,691 shares in the last quarter. LPL Financial LLC raised its holdings in shares of Global X U.S. Infrastructure Development ETF by 4.7% during the 4th quarter. LPL Financial LLC now owns 7,627,988 shares of the company’s stock valued at $364,542,000 after purchasing an additional 340,014 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. raised its holdings in shares of Global X U.S. Infrastructure Development ETF by 37.3% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 6,239,139 shares of the company’s stock valued at $299,095,000 after purchasing an additional 1,694,808 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. PAVE was launched on Mar 6, 2017 and is managed by Global X.