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

Cwm LLC has recently increased its investment in the Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 12.3% during the third quarter of the year. According to the latest Form 13F filing with the Securities and Exchange Commission (SEC), the firm now holds 355,828 shares of the ETF after acquiring an additional 38,934 shares.

At the conclusion of the most recent reporting period, Cwm LLC’s investment in the Global X U.S. Infrastructure Development ETF was valued at approximately $14,646,000, representing about 0.19% of the total ETF shares.

In addition to Cwm LLC, other hedge funds have also adjusted their positions in the ETF recently. For instance, Farmers & Merchants Investments Inc. significantly increased its stake by 1,029.7% in the second quarter. They now hold 723 shares, worth about $27,000 after purchasing an additional 659 shares.

Meanwhile, Blue Trust Inc. also raised its investment by 164.9% during the same quarter and owns 816 shares valued at approximately $32,000 after acquiring an additional 508 shares. Migdal Insurance & Financial Holdings Ltd. established a new position in the ETF during the second quarter, worth around $33,000.

Richardson Capital Management LLC made a substantial boost in the first quarter, increasing their holdings by 422.5%. They currently own 977 shares valued at about $39,000 after purchasing an additional 790 shares. Additionally, First PREMIER Bank entered the market in the third quarter with a new investment valued at roughly $39,000.

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

The Global X U.S. Infrastructure Development ETF’s shares began trading at $41.86 one recent Friday. Over the past twelve months, the ETF has witnessed a low of $13.80 and a high of $17.80. It boasts a market capitalization of $8.02 billion, a price-to-earnings (PE) ratio of 20.28, and a beta value of 1.13, indicating the stock's volatility relative to the market. The ETF's fifty-day simple moving average stands at $38.99, while the two-hundred-day average is at $38.54.

Overview of the Global X U.S. Infrastructure Development ETF

The Global X U.S. Infrastructure Development ETF (PAVE) is designed to primarily invest in stocks associated with infrastructure development. This exchange-traded fund tracks a market-cap-weighted index comprised of US-listed companies that earn most of their revenue from infrastructure-related activities or have stated business intentions within that domain.

Cwm, Investment, ETF