Mon Sep 23 21:54:55 UTC 2024: ## Global X U.S. Infrastructure Development ETF (PAVE) Hits New 52-Week High

**New York, NY – September 23, 2024** – The Global X U.S. Infrastructure Development ETF (PAVE) reached a new 52-week high on Monday, trading as high as $40.81. The ETF closed at $40.58, representing a significant increase from its previous close of $40.48. The trading volume for the day was 628,614 shares.

PAVE is an exchange-traded fund that primarily invests in companies involved in U.S. infrastructure development. The fund tracks a market-cap-weighted index of companies that generate a significant portion of their revenue from, or whose stated business purpose is related to, infrastructure projects.

The ETF’s performance is supported by a growing interest from large investors. Several institutions, including PNC Financial Services Group Inc., Cambridge Investment Research Advisors Inc., Orion Portfolio Solutions LLC, Steward Partners Investment Advisory LLC, and Stifel Financial Corp, increased their holdings in PAVE during the fourth quarter of 2023.

The ETF has a market cap of $7.77 billion, a PE ratio of 20.28, and a beta of 1.13. Its 50-day moving average is $38.45, while its 200-day moving average is $38.30.

The strong performance of PAVE reflects the continued focus on infrastructure development and investment in the United States. As the country prioritizes modernization and expansion of its infrastructure, ETFs like PAVE offer investors a way to participate in this growing sector.

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