Global X U.S. Infrastructure Development ETF (BATS:PAVE) Reaches New 52-Week High – Here’s Why

Shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) hit a new 52-week high on Monday . The company traded as high as $42.50 and last traded at $38.45, with a volume of 4220023 shares changing hands. The stock had previously closed at $41.45.

Global X U.S. Infrastructure Development ETF Price Performance

The company has a market cap of $8.02 billion, a price-to-earnings ratio of 23.20 and a beta of 1.25. The firm’s 50-day moving average price is $41.26 and its 200-day moving average price is $41.61.

Global X U.S. Infrastructure Development ETF Dividend Announcement

The company also recently announced a dividend, which was paid on Tuesday, January 7th. Stockholders of record on Monday, December 30th were given a dividend of $0.1394 per share. The ex-dividend date of this dividend was Monday, December 30th.

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

Institutional investors and hedge funds have recently made changes to their positions in the business. Concurrent Investment Advisors LLC raised its stake in shares of Global X U.S. Infrastructure Development ETF by 9.3% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 13,732 shares of the company’s stock valued at $565,000 after purchasing an additional 1,171 shares in the last quarter. Assetmark Inc. lifted its holdings in Global X U.S. Infrastructure Development ETF by 401.5% during the 3rd quarter. Assetmark Inc. now owns 1,359 shares of the company’s stock worth $56,000 after buying an additional 1,088 shares during the last quarter. Avid Wealth Partners LLC grew its position in shares of Global X U.S. Infrastructure Development ETF by 12.4% in the 3rd quarter. Avid Wealth Partners LLC now owns 59,697 shares of the company’s stock worth $2,457,000 after acquiring an additional 6,568 shares in the last quarter. Sigma Planning Corp increased its holdings in shares of Global X U.S. Infrastructure Development ETF by 9.3% in the 3rd quarter. Sigma Planning Corp now owns 29,585 shares of the company’s stock valued at $1,218,000 after acquiring an additional 2,527 shares during the last quarter. Finally, Axxcess Wealth Management LLC raised its position in shares of Global X U.S. Infrastructure Development ETF by 1,243.3% during the 3rd quarter. Axxcess Wealth Management LLC now owns 678,063 shares of the company’s stock valued at $27,909,000 after acquiring an additional 627,585 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.