#7 - Global X U.S. Infrastructure Development ETF (BATS:PAVE)
The Global X U.S. Infrastructure Development ETF (BATS: PAVE) is a way to invest in the infrastructure boom without picking individual stocks. The PAVE ETF is comprised of 100 of the top stocks that fall under the category of infrastructure. As of October 1, 2024, approximately 62% of the fund’s holdings were under the category of industrials.
The fund has been a solid investment over the last five years. In fact, since March 2, 2020, the fund’s stock price is up approximately 225%. And that growth has been consistent as evidenced by the 38% growth in the fund in the last 12 months.
With all the catalysts listed for the other companies on this list, many of which are included in the PAVE ETF, there should be little concern over the fund’s valuation, which is estimated to be around 20x.
The PAVE ETF is a relatively young fund that has only been trading since March 1, 2017. It has $8.41 billion of assets under management and 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
- $40.96
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 4 Buy Ratings, 12 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $42.58 (3.9% Upside)
Infrastructure covers a range of economic sectors, including energy, utilities, industrial, and transportation. However, all infrastructure stocks share common traits of strong, consistent revenue and earnings that lower the risk to your portfolio.
The seven stocks on this list only scratch the surface of how investors can invest in the nation's growing investment in infrastructure. MarketBeat's Stock Lists tool lets you analyze stocks by specific sectors. This lets you easily compare stocks and find those that fit your investing profile.
And while the government has spent $1 trillion in infrastructure spending to date, it's likely that there is more to come. Millions of Americans have been affected by Hurricane Helene. And even at a time when government spending is already at uncomfortable levels, more spending is on the way. This will be a multi-year catalyst for infrastructure stocks. And another reason for you to consider investing in infrastructure stocks like the ones in this presentation.
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