Global X U.S. Infrastructure Development ETF (BATS:PAVE) Reaches New 52-Week High – Here’s Why

Global X U.S. Infrastructure Development ETF (BATS:PAVE)’s share price hit a new 52-week high during trading on Thursday . The company traded as high as $42.50 and last traded at $42.46, with a volume of 4220023 shares. The stock had previously closed at $41.45.

Global X U.S. Infrastructure Development ETF Stock Performance

The firm has a market capitalization of $8.14 billion, a P/E ratio of 20.28 and a beta of 1.13. The business’s fifty day moving average price is $43.06 and its two-hundred day moving average price is $40.66.

Global X U.S. Infrastructure Development ETF Dividend Announcement

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sequoia Financial Advisors LLC boosted its stake in Global X U.S. Infrastructure Development ETF by 2.2% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 19,739 shares of the company’s stock worth $812,000 after purchasing an additional 422 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in Global X U.S. Infrastructure Development ETF by 7.6% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 50,661 shares of the company’s stock worth $2,085,000 after acquiring an additional 3,593 shares during the last quarter. Fisher Asset Management LLC acquired a new stake in Global X U.S. Infrastructure Development ETF during the 3rd quarter worth about $295,000. JPMorgan Chase & Co. lifted its position in Global X U.S. Infrastructure Development ETF by 10.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 657,342 shares of the company’s stock worth $27,056,000 after acquiring an additional 64,843 shares during the period. Finally, Raymond James & Associates grew its stake in Global X U.S. Infrastructure Development ETF by 64.3% during the 3rd quarter. Raymond James & Associates now owns 781,038 shares of the company’s stock valued at $32,148,000 after purchasing an additional 305,548 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.