Global X U.S. Infrastructure Development ETF (BATS:PAVE) Sets New 12-Month High – Here’s Why

Global X U.S. Infrastructure Development ETF (BATS:PAVE) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $42.50 and last traded at $41.26, with a volume of 4220023 shares changing hands. The stock had previously closed at $41.45.

Global X U.S. Infrastructure Development ETF Stock Performance

The company has a market capitalization of $7.99 billion, a price-to-earnings ratio of 20.28 and a beta of 1.13. The business’s 50-day simple moving average is $42.55 and its 200-day simple moving average is $41.16.

Global X U.S. Infrastructure Development ETF Dividend Announcement

The business also recently disclosed 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 was Monday, December 30th.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of Montreal Can boosted its stake in Global X U.S. Infrastructure Development ETF by 3.0% in the 3rd quarter. Bank of Montreal Can now owns 20,077,534 shares of the company’s stock valued at $822,978,000 after purchasing an additional 586,418 shares during the period. Principal Financial Group Inc. raised its position in Global X U.S. Infrastructure Development ETF by 40.0% in the fourth quarter. Principal Financial Group Inc. now owns 3,479,800 shares of the company’s stock worth $140,619,000 after acquiring an additional 994,800 shares during the period. Commonwealth Equity Services LLC raised its stake in shares of Global X U.S. Infrastructure Development ETF by 19.9% in the third quarter. Commonwealth Equity Services LLC now owns 1,386,938 shares of the company’s stock valued at $57,086,000 after buying an additional 229,948 shares during the period. First Interstate Bank raised its position in shares of Global X U.S. Infrastructure Development ETF by 47.6% in the third quarter. First Interstate Bank now owns 1,109,398 shares of the company’s stock valued at $45,663,000 after purchasing an additional 357,771 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in Global X U.S. Infrastructure Development ETF by 3.1% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,106,540 shares of the company’s stock worth $44,735,000 after purchasing an additional 32,939 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.