Axxcess Wealth Management LLC Reduces Position in Global X U.S. Infrastructure Development ETF $PAVE

Axxcess Wealth Management LLC decreased its holdings in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 0.9% during the first quarter, according to the company in its most recent disclosure 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 about 1.7% of Axxcess Wealth Management LLC’s investment portfolio, making the stock its 16th biggest position. Axxcess Wealth Management LLC owned 0.52% of Global X U.S. Infrastructure Development ETF worth $51,740,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of PAVE. Meitav Investment House Ltd. boosted its holdings in Global X U.S. Infrastructure Development ETF by 1.3% during the 1st quarter. Meitav Investment House Ltd. now owns 1,221,025 shares of the company’s stock valued at $62,040,000 after acquiring an additional 15,730 shares during the period. Nvest Financial LLC boosted its stake in shares of Global X U.S. Infrastructure Development ETF by 31.0% during the first quarter. Nvest Financial LLC now owns 48,323 shares of the company’s stock valued at $2,455,000 after purchasing an additional 11,438 shares during the period. Ascentis Independent Advisors bought a new position in shares of Global X U.S. Infrastructure Development ETF in the first quarter worth about $1,859,000. Stephens Inc. AR grew its holdings in shares of Global X U.S. Infrastructure Development ETF by 1.4% in the first quarter. Stephens Inc. AR now owns 14,302 shares of the company’s stock worth $727,000 after purchasing an additional 194 shares during the last quarter. Finally, NBT Bank N A NY purchased a new position in Global X U.S. Infrastructure Development ETF in the 1st quarter worth about $29,000.

Global X U.S. Infrastructure Development ETF Price Performance

Shares of PAVE opened at $56.44 on Wednesday. The firm 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 1-year low of $43.87 and a 1-year high of $60.43. The company has a 50-day moving average of $56.94 and a 200 day moving average of $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.