Global X U.S. Infrastructure Development ETF (PAVE)
| Assets | $8.67B |
| Expense Ratio | 0.47% |
| PE Ratio | 20.88 |
| Shares Out | 212.84M |
| Dividend (ttm) | $0.24 |
| Dividend Yield | 0.57% |
| Ex-Dividend Date | Jun 27, 2024 |
| Payout Ratio | 12.00% |
| 1-Year Return | +19.25% |
| Volume | 1,054,332 |
| Open | 40.49 |
| Previous Close | 40.75 |
| Day's Range | 40.44 - 41.44 |
| 52-Week Low | 33.07 |
| 52-Week High | 46.18 |
| Beta | 1.24 |
| 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
32.38% of assets| Name | Symbol | Weight |
|---|---|---|
| Trane Technologies plc | TT | 3.75% |
| Quanta Services, Inc. | PWR | 3.54% |
| Eaton Corporation plc | ETN | 3.47% |
| Parker-Hannifin Corporation | PH | 3.43% |
| Howmet Aerospace Inc. | HWM | 3.40% |
| Emerson Electric Co. | EMR | 3.22% |
| United Rentals, Inc. | URI | 3.10% |
| Sempra | SRE | 3.02% |
| Deere & Company | DE | 2.77% |
| Fastenal Company | FAST | 2.68% |
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| 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 |
| Dec 30, 2021 | $0.099 | Jan 7, 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...
Real Asset ETFs: Really Underappreciated
Last week, I moderated two panels on real assets and infrastructure for completely different sets of panelists and audiences. Despite the differences, there were many similarities among the two panels...
Breaking Down S&P 500 Returns by Sector Since 2020 Election
The S&P 500 Index has returned nearly 81% since the last presidential election, with a wide disparity between sector performance. The S&P 500's gains since Nov. 3, 2020 reflect an annual return of nea...
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...
What Investors Can Learn From Thematic ETFs
When it comes to "thematics," past performance doesn't always matter.
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.
Inflation Reduction Act May Boost Allure of Infrastructure ETFs
Two domestic infrastructure funds offer differing views on energy-related spending.
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.
Global X Acquires ETF Securities Australia
The top issuer of thematic ETFs entered the Australian marketplace with a splash.