Should You Invest in the Global X U.S. Infrastructure Development ETF (PAVE)?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 10 2024
0mins
Source: NASDAQ.COM
Overview of PAVE ETF: The Global X U.S. Infrastructure Development ETF (PAVE), launched in 2017, provides broad exposure to the Utilities - Infrastructure segment and has over $7.60 billion in assets, with a focus on companies involved in domestic infrastructure development.
Performance and Holdings: PAVE has shown strong performance with an increase of approximately 19.90% over the past year, primarily investing in the Industrials sector, and holds a Zacks ETF Rank of 2 (Buy), indicating it is a favorable option for investors seeking exposure in this market segment.
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Analyst Views on TT
Wall Street analysts forecast TT stock price to rise
14 Analyst Rating
8 Buy
5 Hold
1 Sell
Moderate Buy
Current: 460.450
Low
370.00
Averages
476.33
High
550.00
Current: 460.450
Low
370.00
Averages
476.33
High
550.00
About TT
Trane Technologies PLC is an Ireland-based global climate innovator. Through its brands Trane and Thermo King, and its portfolio of products and services, it brings climate solutions to buildings, homes, and transportation. Its Americas segment serves customers in North America and Latin America and includes commercial heating, cooling, and ventilation systems, building controls and solutions, and energy services and solutions; residential heating and cooling; and transport refrigeration systems and solutions. Its EMEA segment serves customers in the Europe, Middle East and Africa region and includes heating, cooling and ventilation systems, services and solutions. Its Asia Pacific segment serves customers throughout the Asia Pacific region and includes heating, cooling and ventilation systems, services, and solutions. It also offers autonomous heating, ventilation and air conditioning controls and generative artificial intelligence building technology.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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