Global X U.S. Infrastructure Development ETF (BATS:PAVE) Hits New 52-Week High at $40.81

Global X U.S. Infrastructure Development ETF (BATS:PAVE) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $40.81 and last traded at $40.58, with a volume of 628614 shares. The stock had previously closed at $40.48.

Global X U.S. Infrastructure Development ETF Stock Up 0.2 %

The firm has a market capitalization of $7.77 billion, a P/E ratio of 20.28 and a beta of 1.13. The company’s 50 day moving average is $38.45 and its 200-day moving average is $38.30.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. PNC Financial Services Group Inc. lifted its position in shares of Global X U.S. Infrastructure Development ETF by 38.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 7,637 shares of the company’s stock valued at $263,000 after purchasing an additional 2,109 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in shares of Global X U.S. Infrastructure Development ETF by 7.9% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 230,916 shares of the company’s stock valued at $7,957,000 after purchasing an additional 16,930 shares in the last quarter. Orion Portfolio Solutions LLC lifted its position in shares of Global X U.S. Infrastructure Development ETF by 70.6% during the fourth quarter. Orion Portfolio Solutions LLC now owns 35,430 shares of the company’s stock valued at $1,195,000 after purchasing an additional 14,662 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its position in shares of Global X U.S. Infrastructure Development ETF by 18.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 121,500 shares of the company’s stock valued at $4,187,000 after purchasing an additional 18,500 shares in the last quarter. Finally, Stifel Financial Corp lifted its position in shares of Global X U.S. Infrastructure Development ETF by 9.4% during the fourth quarter. Stifel Financial Corp now owns 250,500 shares of the company’s stock valued at $8,632,000 after purchasing an additional 21,496 shares in the last quarter.

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.