Global X U.S. Infrastructure Development ETF (BATS:PAVE) Sets New 52-Week High at $39.37

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 $39.37 and last traded at $39.23, with a volume of 1166436 shares changing hands. The stock had previously closed at $38.98.

Global X U.S. Infrastructure Development ETF Stock Down 0.4 %

The company has a 50 day moving average price of $38.70 and a 200-day moving average price of $35.69. The company has a market cap of $7.49 billion, a price-to-earnings ratio of 20.28 and a beta of 1.13.

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

Several institutional investors have recently added to or reduced their stakes in PAVE. Mirae Asset Global Investments Co. Ltd. bought a new stake in Global X U.S. Infrastructure Development ETF in the third quarter valued at approximately $1,439,000. Fifth Third Bancorp bought a new stake in Global X U.S. Infrastructure Development ETF in the third quarter valued at approximately $34,000. Wealthfront Advisers LLC boosted its holdings in Global X U.S. Infrastructure Development ETF by 12.9% in the third quarter. Wealthfront Advisers LLC now owns 25,683 shares of the company’s stock valued at $780,000 after acquiring an additional 2,926 shares during the last quarter. Orion Portfolio Solutions LLC boosted its holdings in Global X U.S. Infrastructure Development ETF by 29.7% in the third quarter. Orion Portfolio Solutions LLC now owns 20,768 shares of the company’s stock valued at $631,000 after acquiring an additional 4,753 shares during the last quarter. Finally, Private Advisor Group LLC boosted its holdings in Global X U.S. Infrastructure Development ETF by 30.0% in the third quarter. Private Advisor Group LLC now owns 347,299 shares of the company’s stock valued at $10,547,000 after acquiring an additional 80,203 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.