Naviter Wealth LLC Makes New $234,000 Investment in Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX)

Naviter Wealth LLC purchased a new position in Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,863 shares of the company’s stock, valued at approximately $234,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. MGB Wealth Management LLC bought a new position in Global X MLP & Energy Infrastructure ETF in the 4th quarter worth approximately $28,000. Key Financial Inc purchased a new position in shares of Global X MLP & Energy Infrastructure ETF in the fourth quarter worth $30,000. Cullen Frost Bankers Inc. purchased a new position in shares of Global X MLP & Energy Infrastructure ETF in the fourth quarter worth $31,000. Assetmark Inc. bought a new position in shares of Global X MLP & Energy Infrastructure ETF during the third quarter worth $42,000. Finally, Steward Partners Investment Advisory LLC purchased a new position in Global X MLP & Energy Infrastructure ETF during the fourth quarter valued at $51,000.

Global X MLP & Energy Infrastructure ETF Stock Up 0.7 %

Shares of MLPX stock opened at $60.00 on Monday. The company’s fifty day simple moving average is $62.85 and its two-hundred day simple moving average is $59.58. Global X MLP & Energy Infrastructure ETF has a 52 week low of $46.69 and a 52 week high of $67.47. The stock has a market cap of $2.73 billion, a P/E ratio of 17.14 and a beta of 1.26.

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.