Global X U.S. Infrastructure Development ETF (BATS:PAVE) Reaches New 12-Month High at $37.63

Global X U.S. Infrastructure Development ETF (BATS:PAVE) shares hit a new 52-week high during trading on Monday . The company traded as high as $37.63 and last traded at $37.41, with a volume of 1962802 shares changing hands. The stock had previously closed at $37.00.

Global X U.S. Infrastructure Development ETF Stock Up 0.7 %

The company’s 50 day moving average is $38.12 and its 200-day moving average is $38.21. The firm has a market capitalization of $7.22 billion, a P/E ratio of 20.28 and a beta of 1.13.

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

A number of hedge funds and other institutional investors have recently modified their holdings of PAVE. Signaturefd LLC grew its position in shares of Global X U.S. Infrastructure Development ETF by 10.2% during the 2nd quarter. Signaturefd LLC now owns 3,254 shares of the company’s stock valued at $120,000 after purchasing an additional 300 shares in the last quarter. American Institute for Advanced Investment Management LLP grew its stake in shares of Global X U.S. Infrastructure Development ETF by 0.7% in the first quarter. American Institute for Advanced Investment Management LLP now owns 43,969 shares of the company’s stock worth $1,750,000 after purchasing an additional 324 shares during the last quarter. Trademark Financial Management LLC lifted its stake in Global X U.S. Infrastructure Development ETF by 1.6% in the first quarter. Trademark Financial Management LLC now owns 21,597 shares of the company’s stock worth $860,000 after acquiring an additional 336 shares during the period. Cascade Financial Partners LLC lifted its holdings in Global X U.S. Infrastructure Development ETF by 1.3% in the second quarter. Cascade Financial Partners LLC now owns 27,603 shares of the company’s stock worth $1,022,000 after buying an additional 353 shares during the period. Finally, BOKF NA grew its stake in Global X U.S. Infrastructure Development ETF by 10.9% in the second quarter. BOKF NA now owns 3,800 shares of the company’s stock worth $141,000 after purchasing an additional 375 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.