Global X U.S. Infrastructure Development ETF (BATS:PAVE) Sets New 1-Year High – What’s Next?

Global X U.S. Infrastructure Development ETF (BATS:PAVE) hit a new 52-week high during trading on Monday . The company traded as high as $42.50 and last traded at $41.26, with a volume of 4220023 shares trading hands. The stock had previously closed at $41.45.

Global X U.S. Infrastructure Development ETF Stock Up 0.5 %

The business’s 50-day simple moving average is $42.64 and its 200 day simple moving average is $41.14. The firm has a market capitalization of $7.98 billion, a P/E ratio of 20.28 and a beta of 1.13.

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 issued a $0.1394 dividend. The ex-dividend date of this dividend was Monday, December 30th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in PAVE. Wealth Enhancement Advisory Services LLC boosted its holdings in Global X U.S. Infrastructure Development ETF by 7.6% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 50,661 shares of the company’s stock valued at $2,085,000 after acquiring an additional 3,593 shares in the last quarter. Sequoia Financial Advisors LLC boosted its holdings in Global X U.S. Infrastructure Development ETF by 2.2% in the third quarter. Sequoia Financial Advisors LLC now owns 19,739 shares of the company’s stock valued at $812,000 after acquiring an additional 422 shares in the last quarter. Fisher Asset Management LLC purchased a new position in Global X U.S. Infrastructure Development ETF during the third quarter valued at $295,000. JPMorgan Chase & Co. lifted its position in Global X U.S. Infrastructure Development ETF by 10.9% during the third quarter. JPMorgan Chase & Co. now owns 657,342 shares of the company’s stock valued at $27,056,000 after buying an additional 64,843 shares during the period. Finally, Raymond James & Associates lifted its position in Global X U.S. Infrastructure Development ETF by 64.3% during the third quarter. Raymond James & Associates now owns 781,038 shares of the company’s stock valued at $32,148,000 after buying an additional 305,548 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.