The Global X U.S. Infrastructure Development ETF (PAVE) reported a significant inflow of approximately $669 million, marking a 4.8% increase in outstanding units from 246,290,000 to 258,160,000. The inflow was noted in the week prior to October 7, 2023. Currently, PAVE’s share price stands at $57.15, with a 52-week low of $44.95 and a high of $60.43.
Among the key components of PAVE, CSX Corp is down 0.3%, while Quanta Services, Inc. and Norfolk Southern Corp are up 0.8% and 0.4%, respectively. The increase in units will necessitate purchasing the underlying holdings of the ETF, which can impact the individual components.
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