Global X U.S. Infrastructure Development ETF (PAVE)
| Assets | $9.84B |
| Expense Ratio | 0.47% |
| PE Ratio | 25.61 |
| Shares Out | 202.89M |
| Dividend (ttm) | $0.25 |
| Dividend Yield | 0.52% |
| Ex-Dividend Date | Jun 27, 2025 |
| Payout Ratio | 13.18% |
| 1-Year Return | +6.83% |
| Volume | 793,695 |
| Open | 48.71 |
| Previous Close | 48.74 |
| Day's Range | 48.43 - 48.77 |
| 52-Week Low | 32.65 |
| 52-Week High | 49.08 |
| Beta | 1.26 |
| Holdings | 100 |
| Inception Date | Mar 6, 2017 |
About PAVE
Fund Home PageThe Global X U.S. Infrastructure Development ETF (PAVE) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a market-cap-weighted index of US-listed companies that derive the majority of their revenue from or have a stated business purpose related to infrastructure development. PAVE was launched on Mar 6, 2017 and is issued by Global X.
Top 10 Holdings
32.36% of assets| Name | Symbol | Weight |
|---|---|---|
| Howmet Aerospace Inc. | HWM | 4.18% |
| Quanta Services, Inc. | PWR | 3.53% |
| Parker-Hannifin Corporation | PH | 3.51% |
| CRH plc | CRH | 3.32% |
| Norfolk Southern Corporation | NSC | 3.15% |
| Sempra | SRE | 3.01% |
| Fastenal Company | FAST | 3.00% |
| CSX Corporation | CSX | 2.93% |
| Rockwell Automation, Inc. | ROK | 2.90% |
| United Rentals, Inc. | URI | 2.83% |
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 27, 2025 | $0.11032 | Jul 7, 2025 |
| Dec 30, 2024 | $0.13942 | Jan 7, 2025 |
| Jun 27, 2024 | $0.0801 | Jul 5, 2024 |
| Dec 28, 2023 | $0.15597 | Jan 8, 2024 |
| Jun 29, 2023 | $0.07996 | Jul 10, 2023 |
| Dec 29, 2022 | $0.14069 | Jan 9, 2023 |
News
PAVE: Building Gains Into 2026, Why I'm Still Bullish
The Global X U.S. Infrastructure Development ETF remains a "Buy," supported by bullish technicals and a solid valuation. Momentum is robust, with a B+ ETF Grade and a bullish $59 price target based on...
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Thematics ETF flows are moving similarly to sector level flows now, says ETF Action's Mike Akins
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PAVE ETF: Gaining Exposure To The Red-Hot U.S. Infrastructure Space
Global X U.S. Infrastructure Development ETF offers targeted exposure to U.S. infrastructure, benefiting from major secular trends and government spending. PAVE has outperformed broader markets long-t...
PAVE: Continued Industrials And Materials Tailwinds, Eye On The Macro
I reiterate my buy rating on PAVE, citing strong momentum and robust inflows into Industrials and Materials sectors. PAVE benefits from a bullish technical setup, with a golden cross and RSI in a posi...
PAVE: The Outlook For This Infrastructure ETF Is Uncertain
The PAVE ETF has outperformed major market indexes, returning +208% over 5 years and +59% since April 2021, driven by strategic U.S. infrastructure investments. Top holdings include Howmet Aerospace, ...
Artificial Intelligence, Data Centers The Top ETF Themes In 2025 Says Global X ETFs
Arelis Agosto, director of Product Research and Strategy at Global X ETFs, sat down with Benzinga's Dan Leach at Future Proof CityWide Miami in March to discuss the most recent trends in exchange-trad...
Global X U.S. Infrastructure Development ETF On The Buy Track
PAVE is a buy opportunity due to its strong diversification, high liquidity, and 20% annual growth, driven by U.S. infrastructure priorities and commitments. The ETF's holdings span raw materials, hea...
PAVE: Macro Factors Point To Upside In 2025 (Rating Upgrade)
I upgrade PAVE from hold to buy, citing fair valuation, strong technical momentum, and positive factors like rising copper prices and robust construction employment. PAVE, a large ETF with $8.8 billio...
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This High-Performing ETF Paves the Way to a Nearly $1 Trillion Investment Opportunity
America's infrastructure is in pretty rough shape. The American Society of Civil Engineers barely gave a passing grade to the country's infrastructure (C-) when it provided its last report card in 202...
PAVE: Facing Trump's Budget Balancing Act
PAVE is rated as a Hold due to anticipated fiscal tightening under Trump's administration, which could limit federal infrastructure spending and impact the ETF's performance. PAVE's portfolio, heavily...
PAVE: Time To Hit The Brakes
The Global X U.S. Infrastructure Development ETF has outperformed in recent years due to a favorable macroeconomic backdrop. I believe several of the sectors' tailwinds are now set to reverse. Despite...
PAVE: U.S. Infrastructure Stocks Have Potential, But With Risks To Longer-Term Valuations
PAVE ETF invests in U.S. infrastructure-related companies, benefiting from government spending and long-term infrastructure needs, with a 0.47% expense ratio and $7.88 billion AUM. The ETF has a proje...
IFRA: U.S. Infrastructure Is A Solid Bet, Just Not This ETF
Positive factors impacting the outlook for U.S. infrastructure ETFs are strong demand for U.S. infrastructure improvement and bipartisan support for government funding.
Trends in the Thematic ETF Environment
Todd Sohn joins Diane King Hall to discuss the latest trends in the Thematic ETF environment. Sohn notes that too much product is chasing too few available dollars and closures outnumbered launches ov...
PAVE: AI Luster Loses Steam Among U.S. Infrastructure Plays (Rating Downgrade)
Global growth estimates for 2024 are increasing, but election risk is causing volatility in some markets, with infrastructure firms showing some weakness. The Global X U.S. Infrastructure Development ...
3 Red-Hot ETFs Set to Soar Over the Next Decade
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PAVE: Infrastructure Stocks Pave The Way To New Market Highs
Oppenheimer predicts a 5% increase in the S&P 500 by the end of the year. Infrastructure stocks, such as the Global X U.S. Infrastructure Development ETF, present a buying opportunity. Several Texas-b...
3 Red-Hot ETFs That Show No Signs of Cooling Off
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PAVE: This Infrastructure ETF Is Built For Growth Looking Forward
Global X U.S. Infrastructure Development ETF is recommended as a buy due to its strong performance and potential for solid returns.
PAVE: Expecting Further Infrastructure Strength Heading Into 2024
Goldman Sachs forecasts global GDP growth of +2.6% in 2024, with US GDP growth just above 2%. The Global X U.S. Infrastructure Development ETF is recommended as a buy, with a healthy valuation and div...
PAVE: Portfolio Composition May Drive Underperformance
Lower growth with weighted EPS CAGR of 4% on consensus YE24-YE25 estimates. Expensive relative to growth, with an estimated YE24 PE of 14.7x driving a PEG of 3.4x. Steel stocks and DE (presumably refe...
PAVE: A Great Long-Term Theme, But Poor Timing Now
Global X U.S. Infrastructure Development ETF is a passively managed exchange-traded fund that provides exposure to the Utilities - Infrastructure segment of the equity market. The PAVE ETF focuses on ...