Envestnet Asset Management Inc. Lowers Stock Holdings in AXS Green Alpha ETF (NYSEARCA:NXTE)

Envestnet Asset Management Inc. reduced its position in AXS Green Alpha ETF (NYSEARCA:NXTE) by 17.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,425 shares of the company’s stock after selling 5,336 shares during the quarter. Envestnet Asset Management Inc. owned 1.50% of AXS Green Alpha ETF worth $808,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NXTE. OLD Mission Capital LLC bought a new position in shares of AXS Green Alpha ETF during the 4th quarter valued at $1,164,000. Natural Investments LLC bought a new position in shares of AXS Green Alpha ETF during the fourth quarter valued at about $14,924,000. Finally, Raymond James Financial Inc. purchased a new position in shares of AXS Green Alpha ETF in the fourth quarter worth about $904,000.

AXS Green Alpha ETF Price Performance

Shares of NXTE stock opened at $30.58 on Friday. The business has a 50-day moving average of $29.82 and a 200 day moving average of $31.95. AXS Green Alpha ETF has a 1-year low of $25.45 and a 1-year high of $35.66. The stock has a market capitalization of $41.59 million, a PE ratio of 24.42 and a beta of 1.61.

About AXS Green Alpha ETF

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.