Global X U.S. Infrastructure Development ETF (BATS:PAVE) Hits New 52-Week High – What’s Next?

Global X U.S. Infrastructure Development ETF (BATS:PAVE) hit a new 52-week high during trading on Tuesday . The stock traded as high as $42.50 and last traded at $42.00, with a volume of 4220023 shares traded. The stock had previously closed at $41.45.

Global X U.S. Infrastructure Development ETF Stock Up 1.5 %

The company’s 50-day moving average is $42.78 and its two-hundred day moving average is $41.08. The company has a market capitalization of $8.06 billion, a P/E ratio of 20.28 and a beta of 1.13.

Global X U.S. Infrastructure Development ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Tuesday, January 7th. Stockholders of record on Monday, December 30th were issued a $0.1394 dividend. The ex-dividend date was Monday, December 30th.

Institutional Trading of Global X U.S. Infrastructure Development ETF

A number of hedge funds have recently made changes to their positions in PAVE. EP Wealth Advisors LLC purchased a new stake in Global X U.S. Infrastructure Development ETF during the third quarter valued at about $31,003,000. Axxcess Wealth Management LLC increased its position in shares of Global X U.S. Infrastructure Development ETF by 1,243.3% during the 3rd quarter. Axxcess Wealth Management LLC now owns 678,063 shares of the company’s stock valued at $27,909,000 after purchasing an additional 627,585 shares during the last quarter. Bank of Montreal Can raised its holdings in shares of Global X U.S. Infrastructure Development ETF by 3.0% during the 3rd quarter. Bank of Montreal Can now owns 20,077,534 shares of the company’s stock valued at $822,978,000 after buying an additional 586,418 shares in the last quarter. First Interstate Bank lifted its position in Global X U.S. Infrastructure Development ETF by 47.6% in the 3rd quarter. First Interstate Bank now owns 1,109,398 shares of the company’s stock worth $45,663,000 after buying an additional 357,771 shares during the last quarter. Finally, Raymond James & Associates boosted its stake in Global X U.S. Infrastructure Development ETF by 64.3% in the third quarter. Raymond James & Associates now owns 781,038 shares of the company’s stock worth $32,148,000 after buying an additional 305,548 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.