Sax Wealth Advisors LLC Raises Stake in Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX)

Sax Wealth Advisors LLC increased its holdings in shares of Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX) by 15.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,696 shares of the company’s stock after purchasing an additional 615 shares during the quarter. Sax Wealth Advisors LLC’s holdings in Global X MLP & Energy Infrastructure ETF were worth $284,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Envestnet Asset Management Inc. lifted its stake in shares of Global X MLP & Energy Infrastructure ETF by 25.0% during the second quarter. Envestnet Asset Management Inc. now owns 413,623 shares of the company’s stock worth $21,115,000 after purchasing an additional 82,703 shares in the last quarter. Blair William & Co. IL lifted its position in Global X MLP & Energy Infrastructure ETF by 34.7% during the 2nd quarter. Blair William & Co. IL now owns 3,880 shares of the company’s stock worth $198,000 after acquiring an additional 1,000 shares in the last quarter. Steel Grove Capital Advisors LLC boosted its holdings in Global X MLP & Energy Infrastructure ETF by 44.0% in the 2nd quarter. Steel Grove Capital Advisors LLC now owns 7,251 shares of the company’s stock worth $370,000 after acquiring an additional 2,214 shares during the period. Evergreen Capital Management LLC acquired a new stake in Global X MLP & Energy Infrastructure ETF in the second quarter valued at approximately $22,083,000. Finally, Marshall Wace LLP raised its stake in shares of 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 during the period.

Global X MLP & Energy Infrastructure ETF Trading Up 0.6 %

Shares of MLPX stock opened at $66.05 on Monday. The firm has a fifty day simple moving average of $61.86 and a 200-day simple moving average of $56.91. The company has a market capitalization of $1.86 billion, a PE ratio of 18.89 and a beta of 0.54. Global X MLP & Energy Infrastructure ETF has a twelve month low of $43.12 and a twelve month high of $66.41.

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.