#4 - Global X U.S. Infrastructure Development ETF (BATS:PAVE)
Like the XLP and the XLV, the Global X U.S. Infrastructure Development ETF (BATS: PAVE) is a thematic ETF. In this case, the fund invests in companies that are focused on building out infrastructure in the United States. That means traditional infrastructure projects like rebuilding roads and bridges and updating the nation’s electrical grid. And it also is investing in companies that are taking steps to reshore their businesses in the United States.
The fund's benchmark is the INDXX U.S. Infrastructure Development Index. This is a market-cap-weighted index. As of September 2024, about 80% of the fund’s weighting is in the industrial sector. However, no stock carries more than 3.75% of the fund’s total weighting.
This is a relatively new fund that has only been trading publicly since 2017. However, the stock price of the fund has nearly tripled in that time. The fund has an expense ratio of 0.47%.
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.
Read More - Current Price
- $40.74
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 4 Buy Ratings, 14 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $42.21 (3.6% Upside)
