Global X U.S. Infrastructure Development ETF (BATS:PAVE) Hits New 12-Month High – Should You Buy?

Global X U.S. Infrastructure Development ETF (BATS:PAVE)’s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $42.50 and last traded at $38.45, with a volume of 4220023 shares. The stock had previously closed at $41.45.

Global X U.S. Infrastructure Development ETF Price Performance

The firm has a 50 day simple moving average of $41.15 and a 200-day simple moving average of $41.60. The stock has a market capitalization of $7.94 billion, a price-to-earnings ratio of 23.20 and a beta of 1.25.

Global X U.S. Infrastructure Development ETF Dividend Announcement

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

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

Hedge funds and other institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. boosted its holdings in Global X U.S. Infrastructure Development ETF by 752.6% in the fourth quarter. JPMorgan Chase & Co. now owns 5,604,605 shares of the company’s stock valued at $226,482,000 after acquiring an additional 4,947,263 shares during the last quarter. Bank of Montreal Can boosted its holdings 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 valued at $898,538,000 after acquiring an additional 2,158,009 shares during the last quarter. Raymond James Financial Inc. bought a new position in Global X U.S. Infrastructure Development ETF in the fourth quarter valued at about $84,168,000. Clal Insurance Enterprises Holdings Ltd boosted its holdings 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 acquiring an additional 1,464,000 shares during the last quarter. Finally, LPL Financial LLC boosted its holdings in Global X U.S. Infrastructure Development ETF by 21.3% in the fourth quarter. LPL Financial LLC now owns 6,776,463 shares of the company’s stock valued at $273,837,000 after acquiring an additional 1,191,666 shares during 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.