Merit Financial Group LLC bought a new stake in Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX – Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,441 shares of the company’s stock, valued at approximately $220,000.
A number of other hedge funds also recently modified their holdings of the business. NBC Securities Inc. increased its stake in shares of Global X MLP & Energy Infrastructure ETF by 90,950.0% in the first quarter. NBC Securities Inc. now owns 3,642 shares of the company’s stock worth $232,000 after acquiring an additional 3,638 shares during the last quarter. Fiduciary Alliance LLC increased its position in Global X MLP & Energy Infrastructure ETF by 1.1% during the first quarter. Fiduciary Alliance LLC now owns 95,170 shares of the company’s stock worth $6,073,000 after buying an additional 1,016 shares during the last quarter. Presidio Capital Management LLC acquired a new stake in shares of Global X MLP & Energy Infrastructure ETF in the first quarter valued at about $10,967,000. Rooted Wealth Advisors Inc. acquired a new stake in shares of Global X MLP & Energy Infrastructure ETF in the first quarter valued at about $1,749,000. Finally, Somerset Trust Co acquired a new stake in shares of Global X MLP & Energy Infrastructure ETF in the first quarter valued at about $256,000.
Global X MLP & Energy Infrastructure ETF Stock Performance
Shares of NYSEARCA:MLPX opened at $62.23 on Friday. The stock’s 50-day moving average is $60.25 and its 200-day moving average is $61.67. Global X MLP & Energy Infrastructure ETF has a 52-week low of $48.90 and a 52-week high of $67.47. The company has a market cap of $2.67 billion, a P/E ratio of 18.75 and a beta of 0.77.
Global X MLP & Energy Infrastructure ETF Profile
The Global X MLP & Energy Infrastructure ETF (MLPX) is an exchange-traded fund that mostly invests in energy equity. The fund tracks an index of MLPs and companies engaged in energy infrastructure. The ETF is structured as an open-ended fund. MLPX was launched on Aug 7, 2013 and is managed by Global X.
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