Global X U.S. Infrastructure Development ETF (BATS:PAVE) Reaches New 12-Month High at $38.24

Global X U.S. Infrastructure Development ETF (BATS:PAVE)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $38.24 and last traded at $38.29, with a volume of 625179 shares trading hands. The stock had previously closed at $38.13.

Global X U.S. Infrastructure Development ETF Stock Up 0.4 %

The stock has a 50 day moving average price of $38.27 and a 200 day moving average price of $34.56. The stock has a market capitalization of $7.39 billion, a price-to-earnings ratio of 20.75 and a beta of 1.13.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in PAVE. Richardson Capital Management LLC increased its position in Global X U.S. Infrastructure Development ETF by 422.5% during the 1st quarter. Richardson Capital Management LLC now owns 977 shares of the company’s stock valued at $39,000 after purchasing an additional 790 shares during the period. U S Global Investors Inc. acquired a new stake in shares of Global X U.S. Infrastructure Development ETF during the fourth quarter worth $34,000. Crewe Advisors LLC raised its stake in Global X U.S. Infrastructure Development ETF by 1,094.0% during the third quarter. Crewe Advisors LLC now owns 1,003 shares of the company’s stock worth $30,000 after buying an additional 919 shares during the last quarter. Register Financial Advisors LLC acquired a new position in Global X U.S. Infrastructure Development ETF in the fourth quarter valued at $35,000. Finally, Fifth Third Bancorp purchased a new stake in Global X U.S. Infrastructure Development ETF in the 3rd quarter valued at $34,000.

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.