Truist Financial Corp Purchases 17,270 Shares of Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX)

Truist Financial Corp lifted its position in shares of Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX) by 230.0% during the second quarter, Holdings Channel.com reports. The institutional investor owned 24,779 shares of the company’s stock after acquiring an additional 17,270 shares during the quarter. Truist Financial Corp’s holdings in Global X MLP & Energy Infrastructure ETF were worth $1,265,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in MLPX. Northwestern Mutual Wealth Management Co. boosted its position in Global X MLP & Energy Infrastructure ETF by 153.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 9,605 shares of the company’s stock valued at $490,000 after purchasing an additional 5,808 shares in the last quarter. Annandale Capital LLC boosted its position in Global X MLP & Energy Infrastructure ETF by 4.1% during the second quarter. Annandale Capital LLC now owns 302,549 shares of the company’s stock valued at $15,445,000 after purchasing an additional 11,879 shares in the last quarter. Trinity Legacy Partners LLC boosted its position in Global X MLP & Energy Infrastructure ETF by 1.6% during the second quarter. Trinity Legacy Partners LLC now owns 75,920 shares of the company’s stock valued at $3,876,000 after purchasing an additional 1,231 shares in the last quarter. Insigneo Advisory Services LLC bought a new stake in Global X MLP & Energy Infrastructure ETF during the second quarter valued at about $222,000. Finally, Marshall Wace LLP boosted its position in Global X MLP & Energy Infrastructure ETF by 22.3% during the second quarter. Marshall Wace LLP now owns 19,122 shares of the company’s stock valued at $976,000 after purchasing an additional 3,483 shares in the last quarter.

Global X MLP & Energy Infrastructure ETF Stock Performance

Shares of NYSEARCA MLPX opened at $57.30 on Friday. The company has a market cap of $1.61 billion, a PE ratio of 18.89 and a beta of 0.54. The business has a 50-day simple moving average of $53.79 and a two-hundred day simple moving average of $51.30. Global X MLP & Energy Infrastructure ETF has a fifty-two week low of $41.81 and a fifty-two week high of $57.30.

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.