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

Cwm LLC has increased its holdings in the Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 12.3% during the third quarter, according to their latest Form 13F filing with the Securities and Exchange Commission (SEC). By the end of the period, Cwm LLC owned 355,828 shares, having acquired an additional 38,934 shares. At the close of the reporting period, their total investment in the ETF was valued at approximately $14,646,000, representing about 0.19% of the ETF.

Other investment firms have also adjusted their stakes in the Global X U.S. Infrastructure Development ETF. Notably, Farmers & Merchants Investments Inc. significantly raised its investment by an impressive 1,029.7% during the second quarter, ultimately holding 723 shares valued at around $27,000 after increasing their position by 659 shares. Additionally, Blue Trust Inc. increased their investment in the ETF by 164.9%, reaching 816 shares worth about $32,000 after acquiring 508 shares during the same period.

Moreover, Migdal Insurance & Financial Holdings Ltd. entered the market with a new stake in the Global X U.S. Infrastructure Development ETF valued at approximately $33,000 during the second quarter. Richardson Capital Management LLC also saw a substantial boost in its investments by increasing their holdings by 422.5% in the first quarter, owning 977 shares at a value of $39,000 after purchasing an additional 790 shares. First PREMIER Bank also made a new investment in the ETF during the third quarter, with an estimated worth of about $39,000.

Performance of Global X U.S. Infrastructure Development ETF

As of the recent market activity, shares of the Global X U.S. Infrastructure Development ETF (BATS:PAVE) opened at $41.86. The ETF has experienced a twelve-month low of $13.80 and a high of $17.80. With a market capitalization of $8.02 billion, the ETF has a price-to-earnings ratio of 20.28 and a beta of 1.13, indicating moderate volatility. In terms of moving averages, the fifty-day simple moving average stands at $38.99, while the two-hundred day simple moving average is $38.54.

Overview of Global X U.S. Infrastructure Development ETF

The Global X U.S. Infrastructure Development ETF (PAVE) is an exchange-traded fund focusing on particular themes. It tracks a market-cap-weighted index comprising U.S.-listed companies that generate a significant portion of their revenue from, or have a defined business purpose connected to, infrastructure development.

Investment, ETF, Cwm