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PAVE - ETF AI Analysis
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Global X U.S. Infrastructure Development ETF (PAVE)
Rating:71Outperform
Price Target:
$51.00
Positive Factors
Strong Top Holdings
Several of the ETF's largest positions, like Howmet Aerospace and United Rentals, have delivered strong year-to-date performance, supporting overall returns.
Sector Focus on Industrials
The ETF's heavy exposure to the industrials sector aligns well with infrastructure development trends, which could benefit from increased government spending.
Healthy Year-to-Date Performance
The fund has shown solid year-to-date growth, indicating strong momentum in its underlying investments.
Negative Factors
High Sector Concentration
Over 70% of the ETF is allocated to industrials, which increases vulnerability to sector-specific risks.
Limited Geographic Diversification
With over 96% of its assets focused on U.S. companies, the ETF lacks exposure to international markets, reducing global diversification.
Moderate Expense Ratio
The ETF's expense ratio is higher than some low-cost alternatives, which could slightly erode long-term returns.
PAVE vs. SPDR S&P 500 ETF (SPY)
AUM9.52B
RegionNorth America
Expense Ratio0.47%
Beta1.15
IssuerGlobal X
Inception DateMar 06, 2017
Dividend Yield0.54%
Asset ClassEquity
Index TrackedIndxx U.S. Infrastructure Development Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume1,006,478
30 Day Avg. Volume905,125
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
53.74Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering100
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
PAVE Summary
The Global X U.S. Infrastructure Development ETF (PAVE) is an investment fund focused on companies involved in building and improving infrastructure in the United States, such as transportation, utilities, and energy systems. It follows the Indxx U.S. Infrastructure Development Index and includes well-known companies like United Rentals and Howmet Aerospace. Investors might consider PAVE for diversification and to benefit from potential growth in the U.S. infrastructure sector, which is critical to the economy. However, since it focuses heavily on industrial and materials companies, its performance can be impacted by economic cycles and changes in government infrastructure spending.
How much will it cost me?The Global X U.S. Infrastructure Development ETF (PAVE) has an expense ratio of 0.47%, which means you’ll pay $4.70 per year for every $1,000 invested. This is slightly higher than average because it’s a sector-focused ETF, which often requires more active management to target specific industries like infrastructure. It’s a good choice if you want exposure to this niche area of the market.
What would affect this ETF?The Global X U.S. Infrastructure Development ETF (PAVE) could benefit from increased government spending on infrastructure projects, such as transportation and energy systems, as well as advancements in sustainable construction technologies. However, rising interest rates or economic slowdowns could negatively impact the industrial and materials sectors, which dominate the ETF's holdings. Regulatory changes or delays in infrastructure funding could also pose challenges for the companies within this fund.
PAVE Top 10 Holdings
The Global X U.S. Infrastructure Development ETF (PAVE) is heavily concentrated in industrials and materials, reflecting its focus on America’s infrastructure renaissance. United Rentals and Quanta Services are driving the fund’s performance, with rising momentum fueled by strong earnings and strategic growth initiatives. CRH plc also adds a steady boost, benefiting from acquisitions and positive guidance. However, Fastenal has been lagging, weighed down by bearish technical trends and valuation concerns. Overall, PAVE’s U.S.-centric portfolio is well-positioned to capitalize on the nation’s infrastructure modernization, though a few names are holding back its full potential.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Howmet Aerospace | 4.51% | $422.37M | $80.53B | 73.46% | 77 Outperform | |
| Parker Hannifin | 3.47% | $325.13M | $103.60B | 18.49% | 77 Outperform | |
| Quanta Services | 3.46% | $324.19M | $63.65B | 32.80% | 76 Outperform | |
| Sempra Energy | 3.20% | $299.94M | $60.18B | -1.91% | 74 Outperform | |
| Norfolk Southern | 3.16% | $295.96M | $68.86B | 8.10% | 64 Neutral | |
| CRH plc | 3.12% | $292.76M | £55.76B | 5.02% | 76 Outperform | |
| Fastenal Company | 3.02% | $283.45M | $45.58B | -2.05% | 67 Neutral | |
| Trane Technologies | 2.97% | $278.48M | $91.75B | -1.45% | 78 Outperform | |
| United Rentals | 2.94% | $275.53M | $51.32B | -2.52% | 73 Outperform | |
| CSX | 2.90% | $272.11M | $63.33B | -1.76% | 77 Outperform |
PAVE Technical Analysis
Negative
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Price Trends
47.43
Negative
46.58
Negative
43.18
Positive
Market Momentum
-0.21
Positive
36.49
Neutral
13.77
Positive
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For PAVE, the sentiment is Negative. The current price of undefined is equal to the 20-day moving average (MA) of 47.75, equal to the 50-day MA of 47.43, and equal to the 200-day MA of 43.18, indicating a neutral trend. The MACD of -0.21 indicates Positive momentum. The RSI at 36.49 is Neutral, neither overbought nor oversold. The STOCH value of 13.77 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for PAVE.
PAVE Peer Comparison
Comparison Results
Performance Comparison
PAVE
Global X U.S. Infrastructure Development ETF
46.16
1.62
3.64%
FDN
First Trust Dow Jones Internet Index Fund
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THRO
Ishares U.S. Thematic Rotation Active Etf
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USCA
Xtrackers MSCI USA Climate Action Equity ETF
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IFRA
iShares U.S. Infrastructure ETF
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JTEK
JPMorgan U.S. Tech Leaders ETF
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Glossary
BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: ―
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