Cwm LLC Increases Investment in Global X U.S. Infrastructure Development ETF

Cwm LLC has recently raised its investment in the Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 12.3% during the third quarter of 2024. According to the latest Form 13F filing with the Securities and Exchange Commission (SEC), Cwm LLC now holds 355,828 shares of this ETF after acquiring an additional 38,934 shares within this period. This investment represents approximately 0.19% of the total shares of the Global X U.S. Infrastructure Development ETF, valued at about $14,646,000 at the end of the last reporting cycle.

In addition to Cwm LLC’s activities, other hedge funds have also made significant adjustments to their holdings in the same ETF. For instance, Farmers & Merchants Investments Inc. made a notable increase of 1,029.7% in its stake during the second quarter, growing its total to 723 shares worth $27,000 after purchasing an extra 659 shares. Similarly, Blue Trust Inc. raised its position by 164.9% in the same quarter, owning 816 shares now valued at $32,000, following an acquisition of 508 additional shares.

Moreover, Migdal Insurance & Financial Holdings Ltd. initiated a new investment during the second quarter with a stake worth approximately $33,000. Richardson Capital Management LLC also significantly increased its investment, boosting its holdings by 422.5% in the first quarter to a total of 977 shares valued at $39,000, after an additional purchase of 790 shares. First PREMIER Bank also joined the ranks of new investors, acquiring a position valued at around $39,000 in the third quarter.

Market Performance of Global X U.S. Infrastructure Development ETF

The Global X U.S. Infrastructure Development ETF, trading under the symbol BATS:PAVE, opened at $41.86 on the latest trading day. Over the past twelve months, the ETF has seen a low of $13.80 and a high of $17.80. The fund boasts a market capitalization of $8.02 billion, a price-to-earnings (P/E) ratio of 20.28, and a beta of 1.13, indicating its level of volatility relative to the market. The ETF has maintained a fifty-day simple moving average of $38.99 and a two-hundred-day simple moving average of $38.54.

Understanding Global X U.S. Infrastructure Development ETF

The Global X U.S. Infrastructure Development ETF (PAVE) is an exchange-traded fund that primarily focuses on companies that generate substantial revenue from infrastructure development. The ETF aims to track a market-cap-weighted index comprised of U.S.-listed firms whose main business activities are connected to infrastructure projects. This specialized focus makes PAVE an essential option for investors interested in capitalizing on the growing infrastructure sector in the United States.

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