Global X U.S. Infrastructure Development ETF $PAVE Shares Bought by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC grew its holdings in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 3.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,027,225 shares of the company’s stock after acquiring an additional 37,573 shares during the period. Global X U.S. Infrastructure Development ETF accounts for 0.5% of Axxcess Wealth Management LLC’s portfolio, making the stock its 28th biggest position. Axxcess Wealth Management LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $49,091,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. Darwin Wealth Management LLC bought a new stake in shares of Global X U.S. Infrastructure Development ETF in the 2nd quarter worth about $25,000. eCIO Inc. acquired a new stake in Global X U.S. Infrastructure Development ETF during the fourth quarter valued at approximately $27,000. Fortitude Family Office LLC bought a new position in Global X U.S. Infrastructure Development ETF during the 4th quarter worth approximately $33,000. Millstone Evans Group LLC bought a new position in Global X U.S. Infrastructure Development ETF during the 4th quarter worth approximately $33,000. Finally, JNBA Financial Advisors grew its position in shares of Global X U.S. Infrastructure Development ETF by 40.4% in the 4th quarter. JNBA Financial Advisors now owns 712 shares of the company’s stock worth $34,000 after acquiring an additional 205 shares in the last quarter.

Global X U.S. Infrastructure Development ETF Trading Up 1.0%

Shares of PAVE opened at $58.56 on Friday. Global X U.S. Infrastructure Development ETF has a 52 week low of $41.65 and a 52 week high of $59.21. The firm has a market cap of $11.57 billion, a price-to-earnings ratio of 23.34 and a beta of 1.24. The stock has a 50 day moving average of $56.09 and a 200-day moving average of $52.90.

Global X U.S. Infrastructure Development ETF Company Profile

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.