Global X U.S. Infrastructure Development ETF (BATS:PAVE) Hits New 52-Week High – Should You Buy?

Posted by Tech Dows on Jan 24th, 2025

Global X U.S. Infrastructure Development ETF (BATS:PAVE – Get Free Report)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $42.50 and last traded at $43.83, with a volume of 4220023 shares trading hands. The stock had previously closed at $41.45.

Global X U.S. Infrastructure Development ETF Stock Up 5.6 %

The firm has a market capitalization of $8.39 billion, a P/E ratio of 20.28 and a beta of 1.13. The firm’s 50-day simple moving average is $42.87 and its 200-day simple moving average is $40.89.

Global X U.S. Infrastructure Development ETF Dividend Announcement

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

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

A number of hedge funds have recently made changes to their positions in PAVE. MassMutual Private Wealth & Trust FSB bought a new stake in shares of Global X U.S. Infrastructure Development ETF in the 4th quarter worth approximately $28,000. Hanson & Doremus Investment Management bought a new stake in shares of Global X U.S. Infrastructure Development ETF in the 4th quarter worth approximately $28,000. Trivant Custom Portfolio Group LLC bought a new stake in shares of Global X U.S. Infrastructure Development ETF in the 4th quarter worth approximately $32,000. Synergy Asset Management LLC purchased a new position in shares of Global X U.S. Infrastructure Development ETF in the fourth quarter worth $38,000. Finally, First PREMIER Bank purchased a new position in shares of Global X U.S. Infrastructure Development ETF in the third quarter worth $39,000.

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.