Global X U.S. Infrastructure Development ETF (BATS:PAVE) Sets New 12-Month High – Still a Buy?

Global X U.S. Infrastructure Development ETF (BATS:PAVE)’s share price reached a new 52-week high on Monday . The stock traded as high as $59.01 and last traded at $58.68, with a volume of 201813 shares changing hands. The stock had previously closed at $57.76.

Global X U.S. Infrastructure Development ETF Stock Performance

The stock has a market capitalization of $11.54 billion, a P/E ratio of 23.34 and a beta of 1.24. The company’s fifty day simple moving average is $55.54 and its two-hundred day simple moving average is $52.62.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Axiom Investment Management LLC bought a new position in Global X U.S. Infrastructure Development ETF in the 1st quarter valued at about $28,000. Darwin Wealth Management LLC acquired a new stake in shares of Global X U.S. Infrastructure Development ETF during the 2nd quarter worth approximately $25,000. NBT Bank N A NY acquired a new stake in shares of Global X U.S. Infrastructure Development ETF during the 1st quarter worth approximately $29,000. eCIO Inc. acquired a new stake in shares of Global X U.S. Infrastructure Development ETF during the 4th quarter worth approximately $27,000. Finally, Clearstead Trust LLC acquired a new stake in shares of Global X U.S. Infrastructure Development ETF during the 1st quarter worth approximately $31,000.

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