Natural Investments LLC Trims Stake in AXS Green Alpha ETF $NXTE

Natural Investments LLC cut its position in shares of AXS Green Alpha ETF (NYSEARCA:NXTE) by 9.8% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 141,248 shares of the company’s stock after selling 15,303 shares during the period. AXS Green Alpha ETF comprises 1.8% of Natural Investments LLC’s portfolio, making the stock its 12th biggest position. Natural Investments LLC owned 12.84% of AXS Green Alpha ETF worth $7,689,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Royal Bank of Canada bought a new stake in shares of AXS Green Alpha ETF in the first quarter valued at about $58,000. PFG Investments LLC bought a new stake in shares of AXS Green Alpha ETF in the 1st quarter valued at about $232,000. Susquehanna International Group LLP purchased a new stake in shares of AXS Green Alpha ETF in the 3rd quarter worth approximately $582,000. Finally, Jane Street Group LLC bought a new position in shares of AXS Green Alpha ETF during the second quarter valued at approximately $696,000.

AXS Green Alpha ETF Stock Down 1.1%

Shares of NXTE stock opened at $47.15 on Wednesday. The company’s 50 day moving average is $48.27 and its 200 day moving average is $45.86. The firm has a market cap of $51.87 million, a price-to-earnings ratio of 27.52 and a beta of 1.61. AXS Green Alpha ETF has a 52-week low of $34.26 and a 52-week high of $54.97.

AXS Green Alpha ETF Profile

The Axs Green Alpha ETF (NXTE) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund actively seeks long-term capital appreciation by targeting global all-cap companies focused towards a sustainable environment and economy. Securities are selected based on their contribution to the four pillars of sustainability, whilst exhibiting both growth and value characteristics. NXTE was launched on Sep 27, 2022 and is managed by AXS Investments.