Global X U.S. Infrastructure Development ETF (BATS:PAVE) Hits New 12-Month High at $36.94

Global X U.S. Infrastructure Development ETF (BATS:PAVE)’s stock price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $36.94 and last traded at $36.68, with a volume of 1394504 shares trading hands. The stock had previously closed at $36.60.

Global X U.S. Infrastructure Development ETF Stock Up 1.5 %

The stock has a market capitalization of $7.08 billion, a price-to-earnings ratio of 20.28 and a beta of 1.13. The company has a fifty day moving average of $37.96 and a two-hundred day moving average of $37.10.

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

Several hedge funds and other institutional investors have recently made changes to their positions in PAVE. NBC Securities Inc. boosted its holdings in Global X U.S. Infrastructure Development ETF by 17.9% in the 2nd quarter. NBC Securities Inc. now owns 23,056 shares of the company’s stock valued at $853,000 after purchasing an additional 3,507 shares in the last quarter. Lynx Investment Advisory purchased a new stake in shares of Global X U.S. Infrastructure Development ETF in the second quarter valued at approximately $154,000. Deane Retirement Strategies Inc. acquired a new position in Global X U.S. Infrastructure Development ETF during the second quarter worth $3,492,000. Mather Group LLC. purchased a new position in Global X U.S. Infrastructure Development ETF in the second quarter worth $42,000. Finally, Tandem Capital Management Corp ADV lifted its holdings in Global X U.S. Infrastructure Development ETF by 6.7% in the second quarter. Tandem Capital Management Corp ADV now owns 16,270 shares of the company’s stock valued at $595,000 after acquiring an additional 1,020 shares during the period.

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.