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

Shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) hit a new 52-week high during trading on Tuesday . The company traded as high as $42.50 and last traded at $42.00, with a volume of 4220023 shares traded. The stock had previously closed at $41.45.

Global X U.S. Infrastructure Development ETF Stock Performance

The stock has a 50-day simple moving average of $42.86 and a 200 day simple moving average of $41.02. The company has a market cap of $8.05 billion, a P/E ratio of 20.28 and a beta of 1.13.

Global X U.S. Infrastructure Development ETF Dividend Announcement

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

Institutional Trading of Global X U.S. Infrastructure Development ETF

A number of hedge funds have recently modified their holdings of 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 position in shares of Global X U.S. Infrastructure Development ETF during the 4th quarter worth approximately $28,000. Trivant Custom Portfolio Group LLC bought a new position in shares of Global X U.S. Infrastructure Development ETF during the 4th quarter worth approximately $32,000. Synergy Asset Management LLC bought a new position in shares of Global X U.S. Infrastructure Development ETF during the 4th quarter worth approximately $38,000. Finally, First PREMIER Bank bought a new position in shares of Global X U.S. Infrastructure Development ETF during the 3rd quarter worth approximately $39,000.

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.