Steel Grove Capital Advisors LLC Buys 2,214 Shares of Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX)

Steel Grove Capital Advisors LLC boosted its position in Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX) by 44.0% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,251 shares of the company’s stock after purchasing an additional 2,214 shares during the quarter. Steel Grove Capital Advisors LLC’s holdings in Global X MLP & Energy Infrastructure ETF were worth $370,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of MLPX. Carolinas Wealth Consulting LLC acquired a new position in shares of Global X MLP & Energy Infrastructure ETF during the second quarter worth $67,000. Blair William & Co. IL increased 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 valued at $198,000 after buying an additional 1,000 shares in the last quarter. Menlo Advisors LLC purchased a new stake in Global X MLP & Energy Infrastructure ETF in the second quarter valued at about $296,000. Envestnet Asset Management Inc. boosted its holdings in Global X MLP & Energy Infrastructure ETF by 25.0% in the second quarter. Envestnet Asset Management Inc. now owns 413,623 shares of the company’s stock worth $21,115,000 after acquiring an additional 82,703 shares in the last quarter. Finally, Bright Futures Wealth Management LLC. grew its stake in shares of Global X MLP & Energy Infrastructure ETF by 5.6% during the second quarter. Bright Futures Wealth Management LLC. now owns 12,639 shares of the company’s stock worth $655,000 after acquiring an additional 666 shares during the last quarter.

Global X MLP & Energy Infrastructure ETF Stock Up 1.3 %

MLPX opened at $55.14 on Tuesday. The firm’s 50-day moving average price is $52.96 and its 200-day moving average price is $50.56. The company has a market cap of $1.55 billion, a P/E ratio of 18.89 and a beta of 0.54. Global X MLP & Energy Infrastructure ETF has a 52-week low of $40.38 and a 52-week high of $55.23.

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.