Global X U.S. Infrastructure Development ETF (PAVE)
| Assets | $8.89B |
| Expense Ratio | 0.47% |
| PE Ratio | 25.06 |
| Shares Out | 207.53M |
| Dividend (ttm) | $0.22 |
| Dividend Yield | 0.50% |
| Ex-Dividend Date | Dec 30, 2024 |
| Payout Ratio | 12.52% |
| 1-Year Return | +29.42% |
| Volume | 1,991,194 |
| Open | 43.38 |
| Previous Close | 42.89 |
| Day's Range | 43.33 - 43.83 |
| 52-Week Low | 33.72 |
| 52-Week High | 46.18 |
| Beta | 1.26 |
| Holdings | 102 |
| Inception Date | Mar 6, 2017 |
About PAVE
Fund Home PageThe 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 issued by Global X.
Top 10 Holdings
32.04% of assets| Name | Symbol | Weight |
|---|---|---|
| Trane Technologies plc | TT | 3.70% |
| Howmet Aerospace Inc. | HWM | 3.65% |
| Quanta Services, Inc. | PWR | 3.52% |
| Eaton Corporation plc | ETN | 3.41% |
| Parker-Hannifin Corporation | PH | 3.38% |
| United Rentals, Inc. | URI | 3.15% |
| Emerson Electric Co. | EMR | 3.10% |
| Sempra | SRE | 2.82% |
| Deere & Company | DE | 2.73% |
| Fastenal Company | FAST | 2.59% |
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 30, 2024 | $0.139 | Jan 7, 2025 |
| Jun 27, 2024 | $0.080 | Jul 5, 2024 |
| Dec 28, 2023 | $0.156 | Jan 8, 2024 |
| Jun 29, 2023 | $0.080 | Jul 10, 2023 |
| Dec 29, 2022 | $0.141 | Jan 9, 2023 |
| Jun 29, 2022 | $0.081 | Jul 8, 2022 |
News
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PAVE: Facing Trump's Budget Balancing Act
PAVE is rated as a Hold due to anticipated fiscal tightening under Trump's administration, which could limit federal infrastructure spending and impact the ETF's performance. PAVE's portfolio, heavily...
PAVE: Time To Hit The Brakes
The Global X U.S. Infrastructure Development ETF has outperformed in recent years due to a favorable macroeconomic backdrop. I believe several of the sectors' tailwinds are now set to reverse. Despite...
PAVE: U.S. Infrastructure Stocks Have Potential, But With Risks To Longer-Term Valuations
PAVE ETF invests in U.S. infrastructure-related companies, benefiting from government spending and long-term infrastructure needs, with a 0.47% expense ratio and $7.88 billion AUM. The ETF has a proje...
IFRA: U.S. Infrastructure Is A Solid Bet, Just Not This ETF
Positive factors impacting the outlook for U.S. infrastructure ETFs are strong demand for U.S. infrastructure improvement and bipartisan support for government funding.
Trends in the Thematic ETF Environment
Todd Sohn joins Diane King Hall to discuss the latest trends in the Thematic ETF environment. Sohn notes that too much product is chasing too few available dollars and closures outnumbered launches ov...
PAVE: AI Luster Loses Steam Among U.S. Infrastructure Plays (Rating Downgrade)
Global growth estimates for 2024 are increasing, but election risk is causing volatility in some markets, with infrastructure firms showing some weakness. The Global X U.S. Infrastructure Development ...
PAVE: Infrastructure Stocks Pave The Way To New Market Highs
Oppenheimer predicts a 5% increase in the S&P 500 by the end of the year. Infrastructure stocks, such as the Global X U.S. Infrastructure Development ETF, present a buying opportunity. Several Texas-b...
PAVE: This Infrastructure ETF Is Built For Growth Looking Forward
Global X U.S. Infrastructure Development ETF is recommended as a buy due to its strong performance and potential for solid returns.
PAVE: Expecting Further Infrastructure Strength Heading Into 2024
Goldman Sachs forecasts global GDP growth of +2.6% in 2024, with US GDP growth just above 2%. The Global X U.S. Infrastructure Development ETF is recommended as a buy, with a healthy valuation and div...
PAVE: Portfolio Composition May Drive Underperformance
Lower growth with weighted EPS CAGR of 4% on consensus YE24-YE25 estimates. Expensive relative to growth, with an estimated YE24 PE of 14.7x driving a PEG of 3.4x. Steel stocks and DE (presumably refe...
PAVE: A Great Long-Term Theme, But Poor Timing Now
Global X U.S. Infrastructure Development ETF is a passively managed exchange-traded fund that provides exposure to the Utilities - Infrastructure segment of the equity market. The PAVE ETF focuses on ...
Is PAVE's Outperformance Set To Continue?
PAVE has significantly outperformed the S&P 500 these past few years. Fundamentals have worsened, and fund performance might follow suit. A look at some recent negative developments for PAVE follows.
PAVE: Strong Price Action, Attractive Valuation Make It A Buy
Industrials- and Materials-sector stocks tend to perform well once the economy revs up following a contraction. While it might be early to own something like PAVE, its low valuation and positive momen...
The PAVE ETF: Infrastructure Investment Thesis Still Fully Intact
The PAVE ETF is up ~12% and outperformed the S&P 500 by ~11% since my buy-rated article of last April. However, and despite the high inflation and higher interest rate headwinds, this ETF has much far...
PAVE: Star Performer In A Low Growth High Inflation Scenario
Higher inflation impacts infrastructure in two ways: higher interest rates and higher revenues. The impact of higher interest comes first and is visible in the weak performance.
PAVE: Infrastructure ETF, Cheap Valuation, Strong Growth
PAVE invests in infrastructure development companies. These companies are cheap, seeing strong growth, and have outperformed for months.
PAVE ETF Corrects: A Scale-Down Buying Approach Could Be The Optimal Entry Strategy
PAVE is a diversified play on infrastructure with exposure to the top companies. The ETF nearly tripled from the March 2020 low through the early 2022 high.
Infrastructure in focus ahead of key earnings reports
CNBC's Seema Mody reports on industrial stocks set to report earnings next week.
5 ETFs To With Major Growth Potential In January And Beyond, From Sports Betting To The Metaverse
The year 2021 left behind some huge storylines for investors. The investment themes may carry over into 2022, which could make some thematic ETFs worth considering in January and further into the year...
PAVE: This Infrastructure ETF Has Not Worked Out As Expected
Back in early April, I suggested investors buy the Global X Infrastructure ETF as a way to benefit from the Biden administration's "American Jobs P