Global X U.S. Infrastructure Development ETF (BATS:PAVE) Hits New 52-Week High – Still a Buy?

Global X U.S. Infrastructure Development ETF (BATS:PAVE)’s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $59.28 and last traded at $59.16, with a volume of 1045563 shares changing hands. The stock had previously closed at $58.56.

Global X U.S. Infrastructure Development ETF Price Performance

The stock’s 50-day moving average is $56.19 and its two-hundred day moving average is $52.98. The stock has a market cap of $11.68 billion, a P/E ratio of 23.34 and a beta of 1.24.

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

Hedge funds have recently bought and sold shares of the business. Beaumont Financial Advisors LLC raised its position in shares of Global X U.S. Infrastructure Development ETF by 1.1% during the 1st quarter. Beaumont Financial Advisors LLC now owns 16,949 shares of the company’s stock valued at $861,000 after buying an additional 180 shares in the last quarter. Gateway Wealth Partners LLC increased its stake in Global X U.S. Infrastructure Development ETF by 3.7% in the fourth quarter. Gateway Wealth Partners LLC now owns 5,169 shares of the company’s stock worth $247,000 after purchasing an additional 183 shares during the period. Arete Wealth Advisors LLC lifted its position in shares of Global X U.S. Infrastructure Development ETF by 3.8% during the fourth quarter. Arete Wealth Advisors LLC now owns 5,058 shares of the company’s stock worth $242,000 after purchasing an additional 186 shares during the last quarter. AIFG Consultants Ltd. boosted its stake in shares of Global X U.S. Infrastructure Development ETF by 1.0% during the fourth quarter. AIFG Consultants Ltd. now owns 19,194 shares of the company’s stock valued at $917,000 after purchasing an additional 189 shares during the period. Finally, IFG Advisory LLC boosted its stake in shares of Global X U.S. Infrastructure Development ETF by 2.3% during the fourth quarter. IFG Advisory LLC now owns 8,491 shares of the company’s stock valued at $406,000 after purchasing an additional 194 shares during the period.

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