Global X U.S. Infrastructure Development ETF (BATS:PAVE) Sets New 1-Year High – Still a Buy?

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 $42.50 and last traded at $42.02, with a volume of 4220023 shares trading hands. The stock had previously closed at $41.45.

Global X U.S. Infrastructure Development ETF Trading Up 1.4 %

The firm has a market cap of $8.05 billion, a PE ratio of 20.28 and a beta of 1.13. The business has a fifty day moving average of $42.24 and a 200-day moving average of $41.25.

Global X U.S. Infrastructure Development ETF Dividend Announcement

The firm also recently announced a dividend, which was paid on Tuesday, January 7th. Shareholders of record on Monday, December 30th were paid a $0.1394 dividend. The ex-dividend date was Monday, December 30th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PAVE. MassMutual Private Wealth & Trust FSB purchased a new stake in Global X U.S. Infrastructure Development ETF in the fourth quarter worth approximately $28,000. Hanson & Doremus Investment Management purchased a new position in Global X U.S. Infrastructure Development ETF in the 4th quarter worth $28,000. Sofi Wealth LLC bought a new stake in Global X U.S. Infrastructure Development ETF in the fourth quarter worth $28,000. Key Financial Inc grew its stake in shares of Global X U.S. Infrastructure Development ETF by 613.2% during 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. Finally, Trivant Custom Portfolio Group LLC purchased a new position in shares of Global X U.S. Infrastructure Development ETF in the fourth quarter worth about $32,000.

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.