Global X U.S. Infrastructure Development ETF (BATS:PAVE) Sets New 1-Year High – Here’s What Happened

Shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) hit a new 52-week high during trading on Monday . The stock traded as high as $42.50 and last traded at $42.02, with a volume of 4220023 shares. The stock had previously closed at $41.45.

Global X U.S. Infrastructure Development ETF Price Performance

The stock has a market cap of $8.06 billion, a P/E ratio of 20.28 and a beta of 1.13. The stock’s 50 day simple moving average is $42.17 and its two-hundred day simple moving average is $41.28.

Global X U.S. Infrastructure Development ETF Announces Dividend

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

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

A number of large investors have recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB acquired a new position in shares of Global X U.S. Infrastructure Development ETF during the fourth quarter worth about $28,000. Hanson & Doremus Investment Management bought a new stake in Global X U.S. Infrastructure Development ETF in the 4th quarter valued at approximately $28,000. Sofi Wealth LLC acquired a new position in Global X U.S. Infrastructure Development ETF during the 4th quarter worth approximately $28,000. Crowley Wealth Management Inc. acquired a new position in Global X U.S. Infrastructure Development ETF during the 4th quarter worth approximately $28,000. Finally, Key Financial Inc grew its stake in shares of Global X U.S. Infrastructure Development ETF by 613.2% during the 4th quarter. Key Financial Inc now owns 756 shares of the company’s stock worth $31,000 after acquiring an additional 650 shares in the last quarter.

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.