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

Global X U.S. Infrastructure Development ETF (BATS:PAVE) reached a new 52-week high on Monday . The stock traded as high as $42.53 and last traded at $42.22, with a volume of 1372276 shares. The stock had previously closed at $42.49.

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

The firm has a market cap of $8.09 billion, a price-to-earnings ratio of 20.28 and a beta of 1.13. The firm has a 50-day moving average of $39.61 and a two-hundred day moving average of $38.64.

Hedge Funds Weigh In On Global X U.S. Infrastructure Development ETF

Large investors have recently made changes to their positions in the business. Farmers & Merchants Investments Inc. increased its stake in Global X U.S. Infrastructure Development ETF by 1,029.7% during the second quarter. Farmers & Merchants Investments Inc. now owns 723 shares of the company’s stock valued at $27,000 after acquiring an additional 659 shares during the period. Blue Trust Inc. lifted its stake in shares of Global X U.S. Infrastructure Development ETF by 164.9% in the 2nd quarter. Blue Trust Inc. now owns 816 shares of the company’s stock valued at $32,000 after purchasing an additional 508 shares during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Global X U.S. Infrastructure Development ETF in the 2nd quarter valued at $33,000. Richardson Capital Management LLC lifted its stake in shares of Global X U.S. Infrastructure Development ETF by 422.5% in the 1st quarter. Richardson Capital Management LLC now owns 977 shares of the company’s stock valued at $39,000 after purchasing an additional 790 shares during the period. Finally, First PREMIER Bank acquired a new position in shares of Global X U.S. Infrastructure Development ETF in the 3rd quarter valued at $39,000.

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.