Sax Wealth Advisors LLC Sells 1,086 Shares of Global X MLP & Energy Infrastructure ETF $MLPX

Sax Wealth Advisors LLC reduced its position in shares of Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX) by 21.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,005 shares of the company’s stock after selling 1,086 shares during the period. Sax Wealth Advisors LLC’s holdings in Global X MLP & Energy Infrastructure ETF were worth $251,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in MLPX. Merit Financial Group LLC bought a new position in Global X MLP & Energy Infrastructure ETF during the 1st quarter valued at about $220,000. Park Avenue Securities LLC bought a new position in Global X MLP & Energy Infrastructure ETF during the 1st quarter valued at about $1,398,000. Wealthcare Advisory Partners LLC bought a new position in Global X MLP & Energy Infrastructure ETF during the 1st quarter valued at about $1,638,000. Capital Advisors Ltd. LLC lifted its holdings in Global X MLP & Energy Infrastructure ETF by 70.4% during the 1st quarter. Capital Advisors Ltd. LLC now owns 18,921 shares of the company’s stock valued at $1,207,000 after purchasing an additional 7,820 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in Global X MLP & Energy Infrastructure ETF by 13.7% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 45,101 shares of the company’s stock valued at $2,878,000 after purchasing an additional 5,438 shares during the last quarter.

Global X MLP & Energy Infrastructure ETF Stock Down 2.3%

Shares of MLPX stock opened at $60.54 on Friday. Global X MLP & Energy Infrastructure ETF has a 12-month low of $53.54 and a 12-month high of $67.47. The company has a market capitalization of $2.57 billion, a P/E ratio of 19.10 and a beta of 1.30. The firm has a 50-day moving average price of $61.23 and a 200 day moving average price of $61.06.

Global X MLP & Energy Infrastructure ETF Company 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.