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

On October 12, 2024, it was reported that Cwm LLC has increased its investment in the Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 12.3% during the third quarter of the year. This move was detailed in Cwm LLC's latest Form 13F filing with the Securities and Exchange Commission (SEC). Following the increase, the firm now holds a total of 355,828 shares of the ETF, having purchased an additional 38,934 shares in the recent period. As of the end of this reporting quarter, Cwm LLC's stake in the ETF is valued at approximately $14,646,000, which represents about 0.19% of the total holdings of Global X U.S. Infrastructure Development ETF.

Additionally, other hedge funds have made significant adjustments to their positions in the ETF. For instance, Farmers & Merchants Investments Inc. reported a staggering increase of 1,029.7% in its stake during the second quarter, acquiring 723 shares now valued at around $27,000 after purchasing 659 extra shares. Similarly, Blue Trust Inc. raised its holdings by 164.9%, bringing its total to 816 shares valued at $32,000 after adding 508 shares. Migdal Insurance & Financial Holdings Ltd. also joined in during the second quarter with the acquisition of a new stake valued at about $33,000.

Moreover, Richardson Capital Management LLC made headlines with a 422.5% increase in its holdings in the first quarter, resulting in 977 shares now worth $39,000 after adding 790 shares. First PREMIER Bank has also entered the scene, obtaining a new stake in the ETF worth approximately $39,000 in the latest third quarter.

Current Stock Performance

As of the latest trading session, shares of the Global X U.S. Infrastructure Development ETF opened at $41.86. This ETF has seen a year range with a low of $13.80 and a high of $17.80 over the last twelve months. Currently, the ETF boasts a market capitalization of $8.02 billion, a price-to-earnings (PE) ratio of 20.28, and a beta of 1.13, indicating its volatility compared to the broader market. The average price for the last fifty days stands at $38.99, while the two-hundred day simple moving average is noted at $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 focuses on investing in stocks that adhere to a specific theme. This fund tracks an index that is weighted by market capitalization and includes U.S.-listed companies that derive most of their revenue from, or have a defined purpose associated with, infrastructure development. As an investment vehicle, PAVE aims to give investors exposure to the infrastructure sector, which is seen as essential for economic growth and development in the U.S.

Cwm, Investment, ETF