Global X U.S. Infrastructure Development ETF (BATS:PAVE) Sets New 52-Week High at $37.21

Shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) hit a new 52-week high on Monday . The stock traded as high as $37.21 and last traded at $36.40, with a volume of 1538948 shares changing hands. The stock had previously closed at $37.02.

Global X U.S. Infrastructure Development ETF Trading Down 1.7 %

The firm’s fifty day simple moving average is $38.12 and its two-hundred day simple moving average is $36.98. The company has a market capitalization of $6.97 billion, a price-to-earnings ratio of 20.28 and a beta of 1.13.

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

Institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. grew its stake in shares of Global X U.S. Infrastructure Development ETF by 25.9% in the third quarter. JPMorgan Chase & Co. now owns 4,532,657 shares of the company’s stock valued at $137,702,000 after buying an additional 932,741 shares in the last quarter. Congress Wealth Management LLC DE grew its position in Global X U.S. Infrastructure Development ETF by 18.6% in the 4th quarter. Congress Wealth Management LLC DE now owns 2,956,322 shares of the company’s stock valued at $101,875,000 after acquiring an additional 463,636 shares in the last quarter. CIBC Private Wealth Group LLC increased its stake in Global X U.S. Infrastructure Development ETF by 15.7% during the fourth quarter. CIBC Private Wealth Group LLC now owns 2,679,566 shares of the company’s stock worth $92,338,000 after purchasing an additional 362,821 shares during the period. Principal Financial Group Inc. acquired a new stake in shares of Global X U.S. Infrastructure Development ETF during the first quarter worth about $103,108,000. Finally, Meitav Investment House Ltd. boosted its stake in shares of Global X U.S. Infrastructure Development ETF by 16.6% in the first quarter. Meitav Investment House Ltd. now owns 2,454,227 shares of the company’s stock valued at $97,721,000 after purchasing an additional 350,000 shares during the period.

Global X U.S. Infrastructure Development ETF Company Profile

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.