Global X U.S. Infrastructure Development ETF (BATS:PAVE) Sets New 12-Month High – Should You Buy?

Shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) reached a new 52-week high on Monday . The stock traded as high as $42.50 and last traded at $38.19, with a volume of 4220023 shares traded. The stock had previously closed at $41.45.

Global X U.S. Infrastructure Development ETF Stock Down 7.3 %

The stock has a market capitalization of $7.90 billion, a price-to-earnings ratio of 21.38 and a beta of 1.27. The stock has a fifty day moving average of $40.91 and a 200-day moving average of $41.57.

Global X U.S. Infrastructure Development ETF Announces Dividend

The company also recently announced 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 of this dividend was Monday, December 30th.

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

Several institutional investors and hedge funds have recently bought and sold shares of PAVE. MassMutual Private Wealth & Trust FSB purchased a new stake in Global X U.S. Infrastructure Development ETF during the 4th quarter valued at approximately $28,000. Hanson & Doremus Investment Management acquired a new stake in shares of Global X U.S. Infrastructure Development ETF in the fourth quarter valued at approximately $28,000. Sofi Wealth LLC purchased a new position in Global X U.S. Infrastructure Development ETF during the fourth quarter worth $28,000. Crowley Wealth Management Inc. acquired a new position in Global X U.S. Infrastructure Development ETF in the 4th quarter valued at about $28,000. Finally, Key Financial Inc raised its position in shares of Global X U.S. Infrastructure Development ETF by 613.2% in the fourth quarter. Key Financial Inc now owns 756 shares of the company’s stock valued at $31,000 after buying an additional 650 shares during the last quarter.

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.