Global X U.S. Infrastructure Development ETF (BATS:PAVE) Hits New 1-Year High – Still a Buy?

Global X U.S. Infrastructure Development ETF (BATS:PAVE)’s stock price reached a new 52-week high during trading on Monday . The stock traded as high as $42.50 and last traded at $40.16, with a volume of 4220023 shares changing hands. The stock had previously closed at $41.45.

Global X U.S. Infrastructure Development ETF Stock Performance

The firm has a fifty day moving average of $41.70 and a 200 day moving average of $41.50. The firm has a market capitalization of $7.69 billion, a PE ratio of 20.28 and a beta of 1.13.

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 was Monday, December 30th.

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

Several hedge funds and other institutional investors have recently bought and sold shares of PAVE. Avior Wealth Management LLC increased its stake in Global X U.S. Infrastructure Development ETF by 3.9% during the third quarter. Avior Wealth Management LLC now owns 6,848 shares of the company’s stock valued at $282,000 after purchasing an additional 254 shares during the last quarter. Cascade Financial Partners LLC lifted its holdings in shares of Global X U.S. Infrastructure Development ETF by 0.9% in the fourth quarter. Cascade Financial Partners LLC now owns 29,815 shares of the company’s stock valued at $1,205,000 after buying an additional 262 shares during the period. Fisher Asset Management LLC boosted its position in shares of Global X U.S. Infrastructure Development ETF by 3.9% during the 4th quarter. Fisher Asset Management LLC now owns 7,447 shares of the company’s stock valued at $301,000 after purchasing an additional 282 shares in the last quarter. Crewe Advisors LLC boosted its holdings in Global X U.S. Infrastructure Development ETF by 17.4% in the fourth quarter. Crewe Advisors LLC now owns 1,976 shares of the company’s stock worth $80,000 after purchasing an additional 293 shares in the last quarter. Finally, Richardson Capital Management LLC raised its stake in shares of Global X U.S. Infrastructure Development ETF by 8.3% in the 3rd quarter. Richardson Capital Management LLC now owns 4,276 shares of the company’s stock valued at $176,000 after acquiring an additional 326 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.