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

Posted by Lindsey Winhoffer on Jan 24th, 2025

Global X U.S. Infrastructure Development ETF (BATS:PAVE – Get Free Report)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $42.50 and last traded at $43.83, with a volume of 4220023 shares. The stock had previously closed at $41.45.

Global X U.S. Infrastructure Development ETF Stock Performance

The company’s fifty day moving average is $42.87 and its 200-day moving average is $40.89. The company has a market capitalization of $8.39 billion, a PE ratio of 20.28 and a beta of 1.13.

Global X U.S. Infrastructure Development ETF Announces Dividend

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

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

A number of institutional investors have recently added to or reduced their stakes in PAVE. MassMutual Private Wealth & Trust FSB purchased a new stake in Global X U.S. Infrastructure Development ETF during the 4th quarter valued at 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 valued at 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 valued at 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 valued at 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 valued at approximately $39,000.

About Global X U.S. Infrastructure Development ETF

(Get Free Report)

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.