Axxcess Wealth Management LLC Boosts Position in Global X U.S. Infrastructure Development ETF (BATS:PAVE)

Axxcess Wealth Management LLC increased its stake in Global X U.S. Infrastructure Development ETF (BATS:PAVE) by 6.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 719,920 shares of the company’s stock after buying an additional 41,857 shares during the period. Global X U.S. Infrastructure Development ETF accounts for about 0.7% of Axxcess Wealth Management LLC’s portfolio, making the stock its 29th largest position. Axxcess Wealth Management LLC’s holdings in Global X U.S. Infrastructure Development ETF were worth $29,092,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC increased its position in Global X U.S. Infrastructure Development ETF by 7.6% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 50,661 shares of the company’s stock valued at $2,085,000 after purchasing an additional 3,593 shares during the period. Ameliora Wealth Management Ltd. purchased a new position in Global X U.S. Infrastructure Development ETF during the 4th quarter valued at about $162,000. Proficio Capital Partners LLC purchased a new position in Global X U.S. Infrastructure Development ETF during the 4th quarter valued at about $771,000. Fisher Asset Management LLC purchased a new position in Global X U.S. Infrastructure Development ETF during the 3rd quarter valued at about $295,000. Finally, JPMorgan Chase & Co. increased its position in Global X U.S. Infrastructure Development ETF by 10.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 657,342 shares of the company’s stock valued at $27,056,000 after purchasing an additional 64,843 shares during the period.

Global X U.S. Infrastructure Development ETF Stock Performance

BATS PAVE opened at $38.72 on Tuesday. The company has a market capitalization of $7.96 billion, a price-to-earnings ratio of 21.38 and a beta of 1.27. The company’s 50-day simple moving average is $40.96 and its two-hundred day simple moving average is $41.58. Global X U.S. Infrastructure Development ETF has a one year low of $35.72 and a one year high of $46.18.

Global X U.S. Infrastructure Development ETF Dividend Announcement

The firm also recently announced a dividend, which was paid on Tuesday, January 7th. Shareholders of record on Monday, December 30th were given a dividend of $0.1394 per share. The ex-dividend date was Monday, December 30th.

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.