Global X U.S. Infrastructure Development ETF (BATS:PAVE) Reaches New 12-Month High – Here’s What Happened

Global X U.S. Infrastructure Development ETF (BATS:PAVE)’s stock price reached a new 52-week high during trading on Monday . The stock traded as high as $42.50 and last traded at $40.16, with a volume of 4220023 shares traded. The stock had previously closed at $41.45.

Global X U.S. Infrastructure Development ETF Stock Down 3.6 %

The firm has a market cap of $8.38 billion, a PE ratio of 23.20 and a beta of 1.25. The business has a 50-day moving average price of $41.59 and a two-hundred day moving average price of $41.54.

Global X U.S. Infrastructure Development ETF Announces Dividend

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

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

Hedge funds and other institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. raised its holdings in Global X U.S. Infrastructure Development ETF by 752.6% in the fourth quarter. JPMorgan Chase & Co. now owns 5,604,605 shares of the company’s stock valued at $226,482,000 after acquiring an additional 4,947,263 shares in the last quarter. Bank of Montreal Can increased its position in shares of Global X U.S. Infrastructure Development ETF by 10.7% in the 4th quarter. Bank of Montreal Can now owns 22,235,543 shares of the company’s stock valued at $898,538,000 after purchasing an additional 2,158,009 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Global X U.S. Infrastructure Development ETF in the 4th quarter valued at $84,168,000. Clal Insurance Enterprises Holdings Ltd lifted its position in shares of Global X U.S. Infrastructure Development ETF by 24.6% during the 4th quarter. Clal Insurance Enterprises Holdings Ltd now owns 7,418,750 shares of the company’s stock worth $300,890,000 after purchasing an additional 1,464,000 shares during the last quarter. Finally, LPL Financial LLC grew its stake in shares of Global X U.S. Infrastructure Development ETF by 21.3% during the fourth quarter. LPL Financial LLC now owns 6,776,463 shares of the company’s stock worth $273,837,000 after purchasing an additional 1,191,666 shares in 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.