Global X U.S. Infrastructure Development ETF (BATS:PAVE) Hits New 12-Month High – Time to Buy?

Global X U.S. Infrastructure Development ETF (BATS:PAVE)’s stock price hit a new 52-week high on Monday . The company traded as high as $42.50 and last traded at $38.45, with a volume of 4220023 shares traded. The stock had previously closed at $41.45.

Global X U.S. Infrastructure Development ETF Stock Down 7.7 %

The business’s fifty day moving average price is $41.26 and its 200 day moving average price is $41.61. The firm has a market capitalization of $8.02 billion, a PE ratio of 23.20 and a beta of 1.25.

Global X U.S. Infrastructure Development ETF Announces Dividend

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Kilter Group LLC purchased a new stake in shares of Global X U.S. Infrastructure Development ETF in the fourth quarter valued at $209,000. Comprehensive Money Management Services LLC acquired a new position in shares of Global X U.S. Infrastructure Development ETF in the fourth quarter valued at approximately $1,346,000. Park Square Financial Group LLC purchased a new position in shares of Global X U.S. Infrastructure Development ETF during the fourth quarter valued at approximately $110,000. Great Valley Advisor Group Inc. lifted its stake in shares of Global X U.S. Infrastructure Development ETF by 6.9% during the fourth quarter. Great Valley Advisor Group Inc. now owns 505,165 shares of the company’s stock valued at $20,413,000 after buying an additional 32,790 shares during the period. Finally, Ameriflex Group Inc. acquired a new stake in Global X U.S. Infrastructure Development ETF during the fourth quarter worth approximately $199,000.

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.