Envestnet Asset Management Inc. Has $22.55 Million Position in Global X MLP & Energy Infrastructure ETF $MLPX

Envestnet Asset Management Inc. lifted its holdings in shares of Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX) by 3.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 359,600 shares of the company’s stock after purchasing an additional 10,828 shares during the period. Envestnet Asset Management Inc. owned 0.85% of Global X MLP & Energy Infrastructure ETF worth $22,551,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in MLPX. Bank of America Corp DE grew its holdings in Global X MLP & Energy Infrastructure ETF by 12.8% during the 2nd quarter. Bank of America Corp DE now owns 2,446,860 shares of the company’s stock worth $153,320,000 after acquiring an additional 277,692 shares during the last quarter. Sage Private Wealth Group LLC acquired a new position in shares of Global X MLP & Energy Infrastructure ETF during the second quarter worth approximately $11,009,000. Thrivent Financial for Lutherans bought a new stake in shares of Global X MLP & Energy Infrastructure ETF during the third quarter valued at approximately $5,941,000. PNC Financial Services Group Inc. increased its holdings in shares of Global X MLP & Energy Infrastructure ETF by 19.2% in the second quarter. PNC Financial Services Group Inc. now owns 543,697 shares of the company’s stock valued at $34,068,000 after purchasing an additional 87,644 shares in the last quarter. Finally, Quantum Portfolio Management LLC bought a new position in Global X MLP & Energy Infrastructure ETF in the 3rd quarter worth approximately $3,389,000.

Global X MLP & Energy Infrastructure ETF Stock Performance

NYSEARCA:MLPX opened at $69.73 on Friday. The stock’s fifty day moving average price is $62.38 and its two-hundred day moving average price is $61.14. Global X MLP & Energy Infrastructure ETF has a 52-week low of $53.54 and a 52-week high of $69.79. The company has a market cap of $3.04 billion, a price-to-earnings ratio of 19.10 and a beta of 0.79.

Global X MLP & Energy Infrastructure ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 12th. Stockholders of record on Monday, February 9th were paid a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a dividend yield of 4.2%. This is a boost from Global X MLP & Energy Infrastructure ETF’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Monday, February 9th.

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.