Global X U.S. Infrastructure Development ETF (BATS:PAVE) Reaches New 12-Month High – Should You Buy?

Global X U.S. Infrastructure Development ETF (BATS:PAVE)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $42.50 and last traded at $42.46, 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 2.6 %

The firm has a market capitalization of $8.14 billion, a P/E ratio of 20.28 and a beta of 1.13. The company has a fifty day simple moving average of $43.06 and a 200 day simple moving average of $40.66.

Global X U.S. Infrastructure Development ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Tuesday, January 7th. Investors of record on Monday, December 30th were given a dividend of $0.1394 per share. The ex-dividend date of this dividend was Monday, December 30th.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. MassMutual Private Wealth & Trust FSB purchased a new position in Global X U.S. Infrastructure Development ETF in the 4th quarter worth about $28,000. Trivant Custom Portfolio Group LLC bought a new stake in Global X U.S. Infrastructure Development ETF during the 4th quarter valued at approximately $32,000. First PREMIER Bank bought a new position in Global X U.S. Infrastructure Development ETF during the third quarter valued at approximately $39,000. Howe & Rusling Inc. purchased a new position in Global X U.S. Infrastructure Development ETF during the 3rd quarter valued at approximately $39,000. Finally, Clear Point Advisors Inc. purchased a new position in shares of Global X U.S. Infrastructure Development ETF in the 2nd quarter worth approximately $40,000.

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.