Global X U.S. Infrastructure Development ETF (BATS:PAVE) Reaches New 52-Week High – Still a Buy?

Posted by Tammy Falkenburg on Jan 18th, 2025

Global X U.S. Infrastructure Development ETF (BATS:PAVE – Get Free Report) shares reached a new 52-week high on Thursday . The stock traded as high as $42.50 and last traded at $42.46, with a volume of 4220023 shares. The stock had previously closed at $41.45.

Global X U.S. Infrastructure Development ETF Stock Up 3.5 %

The stock has a market capitalization of $8.22 billion, a price-to-earnings ratio of 20.28 and a beta of 1.13. The business’s 50 day simple moving average is $42.96 and its 200-day simple moving average is $40.72.

Global X U.S. Infrastructure Development ETF Dividend Announcement

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

Institutional Investors Weigh In On Global X U.S. Infrastructure Development ETF

Large investors have recently modified their holdings of the business. MassMutual Private Wealth & Trust FSB bought a new stake in shares of Global X U.S. Infrastructure Development ETF during the 4th quarter worth $28,000. Trivant Custom Portfolio Group LLC bought a new position in Global X U.S. Infrastructure Development ETF in the fourth quarter valued at about $32,000. First PREMIER Bank acquired a new position in Global X U.S. Infrastructure Development ETF during the third quarter worth about $39,000. Howe & Rusling Inc. bought a new position in shares of Global X U.S. Infrastructure Development ETF in the third quarter worth about $39,000. Finally, Clear Point Advisors Inc. acquired a new stake in shares of Global X U.S. Infrastructure Development ETF in the 2nd quarter valued at approximately $40,000.

About Global X U.S. Infrastructure Development ETF

(Get Free Report)

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.