Explore the potential benefits and risks of investing in the Global X U.S. Infrastructure Development ETF (PAVE) for your portfolio
This ETF has become a favorite among both retail and institutional investors. It offers low costs, transparency, and flexibility, making it a solid choice for long-term investors. Plus, sector ETFs like PAVE provide a convenient way to diversify and reduce risk across various companies.
PAVE is backed by Global X Management and has over $8.57 billion in assets, making it one of the largest ETFs in its category. It aims to match the performance of the INDXX U.S. Infrastructure Development Index, which tracks U.S. companies involved in infrastructure development.
When it comes to costs, PAVE has an expense ratio of 0.47%, which is pretty standard for similar funds. It also offers a 12-month trailing dividend yield of 0.53%, which is a nice perk for investors.
Before jumping in, it’s smart to check out what’s in the ETF. PAVE has a heavy focus on the Industrials sector, making up about 74.80% of its portfolio. The top three sectors also include Materials and Utilities. Notable holdings include Trane Technologies, Quanta Services, and Howmet Aerospace.
In terms of performance, PAVE has seen a gain of about 2.57% this year and around 23.69% over the past year. It has traded between $33.20 and $45.95 in the last 52 weeks, showing some solid movement.
PAVE holds a Zacks ETF Rank of 1, which is a strong buy rating. This means it’s a great option for those looking to invest in the Utilities/Infrastructure space. There are other ETFs to consider too, like the iShares U.S. Infrastructure ETF and the iShares Global Infrastructure ETF, which have their own unique benefits.
If you want to dive deeper into ETFs and find the right fit for your investment goals, check out Zacks ETF Center for more info. They also offer a free newsletter with the latest news and analysis on top-performing ETFs. Plus, you can grab their recommendations for the best stocks to watch in the coming month. It’s a great way to stay informed and make smart investment choices!
