Global X U.S. Infrastructure Development ETF (BATS:PAVE) Reaches New 1-Year High – Time to Buy?

Global X U.S. Infrastructure Development ETF (BATS:PAVE) reached a new 52-week high during trading on Wednesday . The company traded as high as $42.50 and last traded at $43.83, with a volume of 4220023 shares traded. The stock had previously closed at $41.45.

Global X U.S. Infrastructure Development ETF Stock Up 5.7 %

The firm has a market capitalization of $8.39 billion, a price-to-earnings ratio of 20.28 and a beta of 1.13. The firm’s 50 day moving average is $42.91 and its 200 day moving average is $40.82.

Global X U.S. Infrastructure Development ETF Announces Dividend

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

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

Hedge funds have recently made changes to their positions in the company. MassMutual Private Wealth & Trust FSB acquired a new stake in shares of Global X U.S. Infrastructure Development ETF in the fourth quarter worth $28,000. Trivant Custom Portfolio Group LLC purchased a new stake in Global X U.S. Infrastructure Development ETF in the 4th quarter worth about $32,000. First PREMIER Bank acquired a new stake in Global X U.S. Infrastructure Development ETF during the 3rd quarter worth about $39,000. Howe & Rusling Inc. purchased a new position in Global X U.S. Infrastructure Development ETF during the 3rd quarter valued at about $39,000. Finally, Clear Point Advisors Inc. acquired a new position in shares of Global X U.S. Infrastructure Development ETF in the 2nd quarter valued at 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.