Financial Partners Group Inc Purchases New Stake in Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX)

Financial Partners Group Inc acquired a new stake in shares of Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX) during the second quarter, Holdings Channel reports. The fund acquired 31,215 shares of the company’s stock, valued at approximately $1,594,000.

Several other hedge funds also recently added to or reduced their stakes in MLPX. Cetera Investment Advisers acquired a new position in Global X MLP & Energy Infrastructure ETF in the first quarter worth about $10,155,000. Fielder Capital Group LLC acquired a new position in shares of Global X MLP & Energy Infrastructure ETF in the 4th quarter worth approximately $6,843,000. Principal Securities Inc. bought a new stake in shares of Global X MLP & Energy Infrastructure ETF in the 4th quarter valued at approximately $6,716,000. Stifel Financial Corp boosted its holdings in Global X MLP & Energy Infrastructure ETF by 130.0% in the fourth quarter. Stifel Financial Corp now owns 190,193 shares of the company’s stock worth $8,486,000 after purchasing an additional 107,496 shares during the period. Finally, Atria Investments Inc acquired a new position in Global X MLP & Energy Infrastructure ETF in the first quarter worth $3,988,000.

Global X MLP & Energy Infrastructure ETF Stock Up 0.7 %

Shares of NYSEARCA:MLPX traded up $0.38 on Friday, reaching $52.77. 52,477 shares of the company’s stock were exchanged, compared to its average volume of 188,557. The business’s 50-day moving average is $51.41 and its two-hundred day moving average is $48.98. Global X MLP & Energy Infrastructure ETF has a fifty-two week low of $40.38 and a fifty-two week high of $53.81. The firm has a market capitalization of $1.49 billion, a price-to-earnings ratio of 18.89 and a beta of 0.54.

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.