#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
- $41.25
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 7 Buy Ratings, 14 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $44.50 (7.9% Upside)
Infrastructure covers a diverse range of economic sectors, including energy, utilities, industrial, and transportation. However, most infrastructure stocks share some similarities: they produce strong, consistent revenue and earnings that lower the risk of your overall portfolio.
The seven stocks on this list only scratch the surface of how you can capitalize on the nation's growing investment in infrastructure. To find the best stocks for your needs, check out MarketBeat's Stock Lists tool, which helps you compare and analyze stocks by specific sectors.
While the government has spent $1 trillion on infrastructure to date, it's likely that there is even more to come. Millions of Americans have been affected by Hurricane Helene. So even though government spending is already at uncomfortable levels, more spending will be on the way to repair the damage. 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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