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

Global X U.S. Infrastructure Development ETF (BATS:PAVE)’s stock price reached a new 52-week high on Wednesday . The company traded as high as $57.62 and last traded at $57.37, with a volume of 3169684 shares. The stock had previously closed at $56.19.

Global X U.S. Infrastructure Development ETF Stock Up 2.1%

The stock has a market cap of $11.33 billion, a price-to-earnings ratio of 23.34 and a beta of 1.24. The stock’s 50 day moving average price is $53.15 and its two-hundred day moving average price is $50.89.

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

Hedge funds and other institutional investors have recently made changes to their positions in the business. Root Financial Partners LLC acquired a new stake in shares of Global X U.S. Infrastructure Development ETF in the third quarter worth $25,000. Darwin Wealth Management LLC acquired a new stake in shares of Global X U.S. Infrastructure Development ETF in the second quarter worth $25,000. NBT Bank N A NY acquired a new stake in shares of Global X U.S. Infrastructure Development ETF in the first quarter worth $29,000. eCIO Inc. acquired a new stake in Global X U.S. Infrastructure Development ETF during the fourth quarter valued at $27,000. Finally, Fortitude Family Office LLC acquired a new stake in Global X U.S. Infrastructure Development ETF during the fourth quarter valued at $33,000.

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. PAVE was launched on Mar 6, 2017 and is managed by Global X.