Global X U.S. Infrastructure Development ETF (BATS:PAVE) Reaches New 52-Week High – Time to Buy?

Global X U.S. Infrastructure Development ETF (BATS:PAVE) shares reached a new 52-week high on Thursday . The stock traded as high as $56.79 and last traded at $56.77, with a volume of 1458128 shares traded. The stock had previously closed at $55.13.

Global X U.S. Infrastructure Development ETF Stock Performance

The firm has a market capitalization of $11.22 billion, a P/E ratio of 23.34 and a beta of 1.24. The firm has a 50 day moving average price of $53.12 and a two-hundred day moving average price of $50.78.

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

Several large investors have recently modified their holdings of the stock. Kestra Advisory Services LLC boosted its stake in shares of Global X U.S. Infrastructure Development ETF by 16.9% during the 1st quarter. Kestra Advisory Services LLC now owns 875,996 shares of the company’s stock worth $44,509,000 after acquiring an additional 126,762 shares in the last quarter. Integrity Investment Advisors LLC boosted its stake in shares of Global X U.S. Infrastructure Development ETF by 26.2% during the 1st quarter. Integrity Investment Advisors LLC now owns 22,339 shares of the company’s stock worth $1,135,000 after acquiring an additional 4,641 shares in the last quarter. Meitav Investment House Ltd. boosted its stake in shares of Global X U.S. Infrastructure Development ETF by 1.3% during the 1st quarter. Meitav Investment House Ltd. now owns 1,221,025 shares of the company’s stock worth $62,040,000 after acquiring an additional 15,730 shares in the last quarter. Nvest Financial LLC boosted its position in shares of Global X U.S. Infrastructure Development ETF by 31.0% in the first quarter. Nvest Financial LLC now owns 48,323 shares of the company’s stock worth $2,455,000 after buying an additional 11,438 shares during the period. Finally, Ascentis Independent Advisors acquired a new stake in shares of Global X U.S. Infrastructure Development ETF in the first quarter worth $1,859,000.

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.