Global X U.S. Infrastructure Development ETF (BATS:PAVE) Reaches New 12-Month High – Here’s What Happened

Global X U.S. Infrastructure Development ETF (BATS:PAVE) reached a new 52-week high on Tuesday . The company traded as high as $42.50 and last traded at $42.04, with a volume of 4220023 shares traded. The stock had previously closed at $41.45.

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

The company has a market capitalization of $8.06 billion, a PE ratio of 20.28 and a beta of 1.13. The company has a fifty day simple moving average of $41.79 and a 200-day simple moving average of $41.41.

Global X U.S. Infrastructure Development ETF Announces Dividend

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

Hedge Funds Weigh In On Global X U.S. Infrastructure Development ETF

A number of institutional investors have recently bought and sold shares of PAVE. JPMorgan Chase & Co. grew its stake in shares of Global X U.S. Infrastructure Development ETF by 752.6% in the 4th quarter. JPMorgan Chase & Co. now owns 5,604,605 shares of the company’s stock valued at $226,482,000 after buying an additional 4,947,263 shares during the period. Bank of Montreal Can grew its position in Global X U.S. Infrastructure Development ETF by 10.7% in the fourth quarter. Bank of Montreal Can now owns 22,235,543 shares of the company’s stock worth $898,538,000 after acquiring an additional 2,158,009 shares during the period. Raymond James Financial Inc. acquired a new stake in Global X U.S. Infrastructure Development ETF during the fourth quarter worth $84,168,000. Clal Insurance Enterprises Holdings Ltd raised its position in Global X U.S. Infrastructure Development ETF by 24.6% in the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 7,418,750 shares of the company’s stock valued at $300,890,000 after purchasing an additional 1,464,000 shares during the period. Finally, LPL Financial LLC lifted its stake in shares of Global X U.S. Infrastructure Development ETF by 21.3% in the 4th quarter. LPL Financial LLC now owns 6,776,463 shares of the company’s stock valued at $273,837,000 after purchasing an additional 1,191,666 shares during 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.