Envestnet Asset Management Inc. Cuts Stock Position in Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX)

Envestnet Asset Management Inc. cut its holdings in Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX) by 4.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 416,362 shares of the company’s stock after selling 18,226 shares during the quarter. Envestnet Asset Management Inc. owned 0.97% of Global X MLP & Energy Infrastructure ETF worth $26,568,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in MLPX. Ameritas Investment Partners Inc. boosted its stake in Global X MLP & Energy Infrastructure ETF by 21.9% during the fourth quarter. Ameritas Investment Partners Inc. now owns 891 shares of the company’s stock worth $54,000 after buying an additional 160 shares during the last quarter. SOL Capital Management CO raised its position in Global X MLP & Energy Infrastructure ETF by 0.3% in the first quarter. SOL Capital Management CO now owns 85,394 shares of the company’s stock valued at $5,449,000 after purchasing an additional 244 shares during the period. Flagship Harbor Advisors LLC raised its holdings in shares of Global X MLP & Energy Infrastructure ETF by 2.6% in the 1st quarter. Flagship Harbor Advisors LLC now owns 15,286 shares of the company’s stock valued at $975,000 after buying an additional 384 shares during the period. Saxon Interests Inc. raised its holdings in shares of Global X MLP & Energy Infrastructure ETF by 4.8% in the 1st quarter. Saxon Interests Inc. now owns 9,608 shares of the company’s stock valued at $613,000 after buying an additional 444 shares during the period. Finally, Aurora Private Wealth Inc. raised its holdings in shares of Global X MLP & Energy Infrastructure ETF by 3.4% in the 1st quarter. Aurora Private Wealth Inc. now owns 14,326 shares of the company’s stock valued at $914,000 after buying an additional 475 shares during the period.

Global X MLP & Energy Infrastructure ETF Price Performance

Shares of NYSEARCA MLPX opened at $62.04 on Tuesday. The stock’s 50-day moving average is $61.31 and its two-hundred day moving average is $61.74. Global X MLP & Energy Infrastructure ETF has a 1-year low of $49.52 and a 1-year high of $67.47. The company has a market cap of $2.63 billion, a price-to-earnings ratio of 19.10 and a beta of 1.30.

About Global X MLP & Energy Infrastructure ETF

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.