Global X U.S. Infrastructure Development ETF (BATS:PAVE) Sets New 12-Month High – What’s Next?

Global X U.S. Infrastructure Development ETF (BATS:PAVE)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $42.50 and last traded at $42.00, with a volume of 4220023 shares traded. The stock had previously closed at $41.45.

Global X U.S. Infrastructure Development ETF Stock Performance

The company has a 50-day moving average of $42.86 and a 200 day moving average of $41.02. The firm has a market cap of $8.05 billion, a P/E ratio of 20.28 and a beta of 1.13.

Global X U.S. Infrastructure Development ETF Dividend Announcement

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

Institutional Investors Weigh In On Global X U.S. Infrastructure Development ETF

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

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.