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

Cwm LLC has significantly increased its investment in the Global X U.S. Infrastructure Development ETF (BATS:PAVE) during the third quarter. According to the latest Form 13F filing with the Securities and Exchange Commission (SEC), Cwm LLC raised its stake by 12.3%, bringing its total holdings to 355,828 shares. This increase came after purchasing an additional 38,934 shares during the quarter. At the end of this period, Cwm LLC's investment in the ETF was valued at approximately $14,646,000, which represents about 0.19% of the fund.

Other hedge funds have also made adjustments to their investments in the Global X U.S. Infrastructure Development ETF. For instance, Farmers & Merchants Investments Inc. dramatically increased its stake by 1,029.7% in the second quarter and now owns 723 shares valued at $27,000, after acquiring an additional 659 shares. Similarly, Blue Trust Inc. boosted its position in the ETF by 164.9%, increasing its ownership to 816 shares worth $32,000, following the acquisition of 508 shares during the same quarter. Additionally, Migdal Insurance & Financial Holdings Ltd. initiated a new investment during the second quarter, valuing around $33,000. Richardson Capital Management LLC also saw growth in its holdings, boosting its investment by an impressive 422.5% in the first quarter, taking its total to 977 shares valued at $39,000. First PREMIER Bank also entered a new position in the ETF in the third quarter, with an investment worth about $39,000.

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

The Global X U.S. Infrastructure Development ETF has performed well recently, with shares opening at $41.86. Over the past year, the ETF recorded a low of $13.80 and a high of $17.80. It currently holds a market capitalization of $8.02 billion, a price-to-earnings (PE) ratio of 20.28, and a beta of 1.13, indicating a moderate level of volatility. The ETF's fifty-day simple moving average stands at $38.99, and the two-hundred-day simple moving average is at $38.54.

Overview of Global X U.S. Infrastructure Development ETF

The Global X U.S. Infrastructure Development ETF (PAVE) is designed to focus on investments in companies engaged in infrastructure development. The fund primarily invests in stock issued by U.S.-listed companies that derive most of their revenue from, or have business goals closely related to, infrastructure projects. This makes it an attractive option for investors looking to participate in the growth of the infrastructure sector.

Investment, ETF, Assets