Global X U.S. Infrastructure Development ETF (BATS:PAVE) Reaches New 52-Week High – What’s Next?

Shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $46.16 and last traded at $45.95, with a volume of 2107987 shares. The stock had previously closed at $45.38.

Global X U.S. Infrastructure Development ETF Stock Down 0.6 %

The company has a market capitalization of $8.73 billion, a price-to-earnings ratio of 20.28 and a beta of 1.13. The stock’s 50-day moving average price is $42.48 and its 200-day moving average price is $39.63.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Sequoia Financial Advisors LLC raised its position in shares of Global X U.S. Infrastructure Development ETF by 2.2% during the third quarter. Sequoia Financial Advisors LLC now owns 19,739 shares of the company’s stock worth $812,000 after acquiring an additional 422 shares during the last quarter. Raymond James & Associates raised its holdings in Global X U.S. Infrastructure Development ETF by 64.3% during the 3rd quarter. Raymond James & Associates now owns 781,038 shares of the company’s stock worth $32,148,000 after purchasing an additional 305,548 shares during the last quarter. Granite Bay Wealth Management LLC acquired a new position in Global X U.S. Infrastructure Development ETF during the 2nd quarter valued at about $3,081,000. Comerica Bank boosted its stake in shares of Global X U.S. Infrastructure Development ETF by 10.4% in the 1st quarter. Comerica Bank now owns 38,523 shares of the company’s stock valued at $1,534,000 after purchasing an additional 3,619 shares during the last quarter. Finally, HBW Advisory Services LLC grew its position in shares of Global X U.S. Infrastructure Development ETF by 132.0% during the 3rd quarter. HBW Advisory Services LLC now owns 362,258 shares of the company’s stock worth $14,911,000 after buying an additional 206,101 shares during the period.

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.