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

Shares of Global X U.S. Infrastructure Development ETF (BATS:PAVEGet Free Report) hit a new 52-week high on Monday . The company traded as high as $41.84 and last traded at $41.75, with a volume of 701292 shares changing hands. The stock had previously closed at $41.21.

Global X U.S. Infrastructure Development ETF Trading Down 0.0 %

The firm has a 50 day moving average price of $40.14 and a 200-day moving average price of $38.76. The firm has a market cap of $7.95 billion, a price-to-earnings ratio of 20.28 and a beta of 1.13.

Institutional Trading of Global X U.S. Infrastructure Development ETF

Several large investors have recently modified their holdings of PAVE. Farmers & Merchants Investments Inc. grew its holdings in Global X U.S. Infrastructure Development ETF by 1,029.7% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 723 shares of the company’s stock valued at $27,000 after buying an additional 659 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of Global X U.S. Infrastructure Development ETF by 164.9% during the second quarter. Blue Trust Inc. now owns 816 shares of the company’s stock valued at $32,000 after acquiring an additional 508 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Global X U.S. Infrastructure Development ETF during the second quarter valued at $33,000. First PREMIER Bank purchased a new stake in Global X U.S. Infrastructure Development ETF during the 3rd quarter worth about $39,000. Finally, Clear Point Advisors Inc. acquired a new position in Global X U.S. Infrastructure Development ETF in the 2nd quarter valued at about $40,000.

Global X U.S. Infrastructure Development ETF Company Profile

(Get Free Report)

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.

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