Global X U.S. Infrastructure Development ETF (BATS:PAVE) Reaches New 1-Year High at $38.24

Global X U.S. Infrastructure Development ETF (BATS:PAVE)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $38.24 and last traded at $38.29, with a volume of 625179 shares. The stock had previously closed at $38.13.

Global X U.S. Infrastructure Development ETF Trading Up 0.4 %

The stock has a 50-day simple moving average of $38.27 and a 200 day simple moving average of $34.56. The stock has a market capitalization of $7.39 billion, a price-to-earnings ratio of 20.75 and a beta of 1.13.

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

Institutional investors have recently modified their holdings of the stock. LPL Financial LLC raised its holdings in shares of Global X U.S. Infrastructure Development ETF by 29.3% during the third quarter. LPL Financial LLC now owns 6,173,869 shares of the company’s stock worth $187,562,000 after acquiring an additional 1,400,747 shares in the last quarter. Meitav Investment House Ltd. increased its position in Global X U.S. Infrastructure Development ETF by 131.6% in the 3rd quarter. Meitav Investment House Ltd. now owns 1,706,649 shares of the company’s stock worth $52,526,000 after purchasing an additional 969,863 shares during the last quarter. JPMorgan Chase & Co. increased its position in Global X U.S. Infrastructure Development ETF by 25.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,532,657 shares of the company’s stock worth $137,702,000 after purchasing an additional 932,741 shares during the last quarter. Schroder Investment Management Group purchased a new stake in shares of Global X U.S. Infrastructure Development ETF during the 3rd quarter worth about $14,964,000. Finally, Congress Wealth Management LLC DE lifted its holdings in shares of Global X U.S. Infrastructure Development ETF by 18.6% during the 4th quarter. Congress Wealth Management LLC DE now owns 2,956,322 shares of the company’s stock valued at $101,875,000 after buying an additional 463,636 shares during 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.