Global X U.S. Infrastructure Development ETF (BATS:PAVE – Get Free Report)’s share price crossed below its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $53.31 and traded as low as $52.82. Global X U.S. Infrastructure Development ETF shares last traded at $53.28, with a volume of 1,032,022 shares trading hands.
Global X U.S. Infrastructure Development ETF Stock Performance
The business has a 50 day moving average of $53.31 and a two-hundred day moving average of $54.77. The firm has a market capitalization of $13.54 billion, a price-to-earnings ratio of 24.12 and a beta of 1.20.
Institutional Investors Weigh In On Global X U.S. Infrastructure Development ETF
Hedge funds and other institutional investors have recently modified their holdings of the company. TD Waterhouse Canada Inc. increased its stake in Global X U.S. Infrastructure Development ETF by 57.7% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 28,311 shares of the company’s stock valued at $1,668,000 after purchasing an additional 10,356 shares in the last quarter. Capital Advantage Inc. raised its holdings in Global X U.S. Infrastructure Development ETF by 8.4% during the second quarter. Capital Advantage Inc. now owns 128,370 shares of the company’s stock worth $7,564,000 after buying an additional 9,927 shares during the last quarter. Petra Financial Advisors Inc. bought a new position in shares of Global X U.S. Infrastructure Development ETF in the first quarter valued at $461,000. Integrated Wealth Concepts LLC lifted its stake in shares of Global X U.S. Infrastructure Development ETF by 111.0% in the second quarter. Integrated Wealth Concepts LLC now owns 75,832 shares of the company’s stock valued at $4,468,000 after buying an additional 39,885 shares in the last quarter. Finally, First Heartland Consultants Inc. bought a new position in shares of Global X U.S. Infrastructure Development ETF in the third quarter valued at $2,117,000.
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.
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