Global X U.S. Infrastructure Development ETF (BATS:PAVE) Sets New 52-Week High at $37.81

Global X U.S. Infrastructure Development ETF (BATS:PAVE)’s share price reached a new 52-week high during trading on Monday . The company traded as high as $37.81 and last traded at $37.51, with a volume of 679300 shares traded. The stock had previously closed at $37.42.

Global X U.S. Infrastructure Development ETF Price Performance

The business has a 50-day simple moving average of $38.15 and a two-hundred day simple moving average of $36.89. The stock has a market cap of $7.07 billion, a price-to-earnings ratio of 20.28 and a beta of 1.13.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Investment Partners Asset Management Inc. bought a new stake in shares of Global X U.S. Infrastructure Development ETF during the 4th quarter worth about $448,000. JPMorgan Chase & Co. increased its stake in shares of Global X U.S. Infrastructure Development ETF by 25.9% during the third quarter. JPMorgan Chase & Co. now owns 4,532,657 shares of the company’s stock worth $137,702,000 after purchasing an additional 932,741 shares during the period. Total Clarity Wealth Management Inc. lifted its holdings in Global X U.S. Infrastructure Development ETF by 11.4% during the 4th quarter. Total Clarity Wealth Management Inc. now owns 9,085 shares of the company’s stock worth $313,000 after purchasing an additional 929 shares during the last quarter. Peddock Capital Advisors LLC lifted its holdings in Global X U.S. Infrastructure Development ETF by 2.2% during the 4th quarter. Peddock Capital Advisors LLC now owns 82,969 shares of the company’s stock worth $2,859,000 after purchasing an additional 1,815 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its stake in Global X U.S. Infrastructure Development ETF by 3.8% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 1,235,068 shares of the company’s stock valued at $42,560,000 after purchasing an additional 45,212 shares during the period.

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.