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

In the third quarter of 2024, Cwm LLC increased its investment in the Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 12.3%, as reported in the firm’s latest Form 13F submission to the Securities and Exchange Commission (SEC). Following this investment, Cwm LLC's holdings reached 355,828 shares, which included an additional purchase of 38,934 shares during the quarter. By the end of this reporting period, the ETF comprised about 0.19% of Cwm LLC's portfolio, valued at approximately $14,646,000.

Other investment firms have also adjusted their stakes in the Global X U.S. Infrastructure Development ETF recently. Farmers & Merchants Investments Inc. notably increased its ownership by an impressive 1,029.7% in the second quarter, raising its holdings to 723 shares valued at $27,000 after acquiring an extra 659 shares. Furthermore, Blue Trust Inc. expanded its position in the ETF by 164.9% during the same period, owning 816 shares worth $32,000 after an additional purchase of 508 shares. Migdal Insurance & Financial Holdings Ltd. entered the market, acquiring a new stake in the ETF valued at approximately $33,000. Richardson Capital Management LLC also significantly increased its position by 422.5% in the first quarter, owning 977 shares valued at $39,000. Lastly, First PREMIER Bank established a new position in the ETF worth around $39,000 in the third quarter.

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

As of Friday, shares of the Global X U.S. Infrastructure Development ETF were trading at $41.86. Over the past year, the ETF has experienced a low of $13.80 and a high of $17.80. The total market capitalization stands at $8.02 billion, with a price-to-earnings ratio of 20.28 and a beta coefficient of 1.13. The ETF's fifty-day simple moving average is $38.99, while its two-hundred day simple moving average is $38.54.

About the Global X U.S. Infrastructure Development ETF

The Global X U.S. Infrastructure Development ETF (PAVE) is an exchange-traded fund that primarily invests in stocks related to a specific theme. This fund tracks a market-cap-weighted index comprised of U.S.-listed companies that derive a significant portion of their revenue from infrastructure development or have a defined business purpose focused on infrastructure.

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Cwm, Investment, ETF