Global X U.S. Infrastructure Development ETF (BATS:PAVE) Sets New 12-Month High at $37.21

Global X U.S. Infrastructure Development ETF (BATS:PAVE) shares reached a new 52-week high during trading on Monday . The stock traded as high as $37.21 and last traded at $36.40, with a volume of 1538948 shares trading hands. The stock had previously closed at $37.02.

Global X U.S. Infrastructure Development ETF Trading Up 0.8 %

The stock’s 50 day moving average is $38.07 and its two-hundred day moving average is $37.02. The stock has a market capitalization of $7.07 billion, a price-to-earnings ratio of 20.28 and a beta of 1.13.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of PAVE. Moller Wealth Partners bought a new stake in Global X U.S. Infrastructure Development ETF in the 2nd quarter valued at approximately $702,000. EverSource Wealth Advisors LLC raised its holdings in shares of Global X U.S. Infrastructure Development ETF by 190.7% in the first quarter. EverSource Wealth Advisors LLC now owns 42,314 shares of the company’s stock valued at $1,586,000 after purchasing an additional 27,756 shares during the last quarter. Hamilton Wealth LLC bought a new stake in shares of Global X U.S. Infrastructure Development ETF in the first quarter worth $403,000. Garde Capital Inc. acquired a new position in Global X U.S. Infrastructure Development ETF during the first quarter worth $151,000. Finally, Cetera Advisor Networks LLC grew its position in Global X U.S. Infrastructure Development ETF by 17.9% in the first quarter. Cetera Advisor Networks LLC now owns 420,382 shares of the company’s stock valued at $16,735,000 after purchasing an additional 63,848 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.