Axxcess Wealth Management LLC trimmed its holdings in Global X U.S. Infrastructure Development ETF (BATS:PAVE – Free Report) by 0.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,018,309 shares of the company’s stock after selling 8,916 shares during the quarter. Global X U.S. Infrastructure Development ETF accounts for approximately 1.7% of Axxcess Wealth Management LLC’s investment portfolio, making the stock its 16th biggest holding. Axxcess Wealth Management LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $51,740,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PAVE. Darwin Wealth Management LLC purchased a new stake in shares of Global X U.S. Infrastructure Development ETF in the second quarter worth about $25,000. eCIO Inc. purchased a new position in Global X U.S. Infrastructure Development ETF during the fourth quarter valued at approximately $27,000. NBT Bank N A NY acquired a new position in Global X U.S. Infrastructure Development ETF in the first quarter valued at approximately $29,000. Fortitude Family Office LLC acquired a new position in Global X U.S. Infrastructure Development ETF in the fourth quarter valued at approximately $33,000. Finally, Millstone Evans Group LLC purchased a new stake in Global X U.S. Infrastructure Development ETF in the 4th quarter worth approximately $33,000.
Global X U.S. Infrastructure Development ETF Price Performance
Shares of BATS PAVE opened at $56.44 on Wednesday. The stock has a market capitalization of $11.15 billion, a price-to-earnings ratio of 23.34 and a beta of 1.24. Global X U.S. Infrastructure Development ETF has a 12 month low of $43.87 and a 12 month high of $60.43. The firm’s 50 day simple moving average is $56.94 and its 200-day simple moving average is $53.79.
About Global X U.S. Infrastructure Development ETF
The 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 managed by Global X.
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