MONECO Advisors LLC has significantly bolstered its investment portfolio, demonstrating increased confidence in the Global X U.S. Infrastructure Development ETF (PAVE). The firm’s strategic decision to raise its stock position by a notable 15.6% during the first quarter underscores a clear bullish outlook on the infrastructure sector, as detailed in its recent 13F filing with the SEC.
This substantial increase translates into MONECO Advisors LLC now holding a total of 31,824 shares of PAVE. The firm expanded its holdings by acquiring an additional 4,306 shares during the reporting period, reflecting a calculated expansion of its financial commitment to the ETF. At the close of the most recent reporting period, MONECO Advisors LLC’s investment in Global X U.S. Infrastructure Development ETF was valued at an impressive $1,201,000.
Beyond MONECO, other prominent institutional investors and hedge funds have also been actively adjusting their stakes in the Global X U.S. Infrastructure Development ETF. Orion Portfolio Solutions LLC, for instance, expanded its holdings in the fourth quarter, increasing its position by 10.3%. This move brought their total ownership to 31,061 shares, which were valued at $1,255,000 at the time of the acquisition of an additional 2,895 shares.
World Investment Advisors exhibited an even more aggressive growth strategy, dramatically increasing its position in PAVE by an astounding 134.0% during the fourth quarter. This substantial acquisition, which included an additional 20,634 shares, propelled their total ownership to 36,037 shares, representing a significant investment valued at $1,456,000.
Arete Wealth Advisors LLC also showed strong interest in the ETF, boosting its stake by 15.9% in the fourth quarter. Their strategic acquisition of an additional 1,524 shares resulted in their total holdings reaching 11,103 shares, which were collectively valued at $450,000, further illustrating a broad institutional appeal for infrastructure-focused investments.
Notably, Wells Fargo & Company MN made a massive leap, lifting its position in the Global X U.S. Infrastructure Development ETF by a remarkable 26.8% in the fourth quarter. This substantial increase involved purchasing an additional 626,295 shares, culminating in a colossal holding of 2,961,851 shares, with a staggering valuation of $119,688,000, underscoring significant confidence in the fund.
Additionally, Perennial Investment Advisors LLC incrementally enhanced its position in PAVE, increasing its holdings by 8.7% in the fourth quarter. This increment, achieved by acquiring an additional 8,276 shares, brought their total ownership to 102,955 shares, valued at $4,162,000, contributing to the overall institutional investment landscape around the ETF.
The Global X U.S. Infrastructure Development ETF itself opened at $45.01 on Friday, showcasing a dynamic market presence. Over the past twelve months, the fund has experienced fluctuations, recording a low of $32.65 and a high of $46.26. With a robust market capitalization of $8.89 billion, a P/E ratio of 23.34, and a beta of 1.24, PAVE demonstrates significant stability and growth potential within its sector.
Fundamentally, the Global X U.S. Infrastructure Development ETF (PAVE) operates as an exchange-traded fund primarily designed to invest in stocks centered around a specific thematic focus: infrastructure development. It meticulously tracks a market-cap-weighted index composed of US-listed companies that derive a substantial majority of their revenue from, or have a stated business purpose directly related to, the burgeoning field of infrastructure development.
