Fortis Advisors LLC Sells 7,943 Shares of Global X MLP & Energy Infrastructure ETF $MLPX

Fortis Advisors LLC trimmed its holdings in Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX) by 8.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 81,738 shares of the company’s stock after selling 7,943 shares during the period. Global X MLP & Energy Infrastructure ETF makes up 2.9% of Fortis Advisors LLC’s investment portfolio, making the stock its 11th biggest holding. Fortis Advisors LLC owned approximately 0.19% of Global X MLP & Energy Infrastructure ETF worth $5,126,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Midwest Professional Planners LTD. lifted its holdings in Global X MLP & Energy Infrastructure ETF by 0.8% during the 3rd quarter. Midwest Professional Planners LTD. now owns 23,752 shares of the company’s stock worth $1,489,000 after purchasing an additional 180 shares in the last quarter. Advisory Services Network LLC boosted its position in shares of Global X MLP & Energy Infrastructure ETF by 0.7% in the second quarter. Advisory Services Network LLC now owns 28,092 shares of the company’s stock valued at $1,747,000 after acquiring an additional 184 shares during the period. NWF Advisory Services Inc. grew its stake in Global X MLP & Energy Infrastructure ETF by 6.9% during the third quarter. NWF Advisory Services Inc. now owns 3,870 shares of the company’s stock valued at $243,000 after acquiring an additional 250 shares in the last quarter. Birch Capital Management LLC increased its holdings in Global X MLP & Energy Infrastructure ETF by 2.1% during the 3rd quarter. Birch Capital Management LLC now owns 12,736 shares of the company’s stock worth $799,000 after acquiring an additional 265 shares during the period. Finally, Wealthspire Advisors LLC increased its holdings in Global X MLP & Energy Infrastructure ETF by 3.6% during the 2nd quarter. Wealthspire Advisors LLC now owns 9,380 shares of the company’s stock worth $588,000 after acquiring an additional 325 shares during the period.

Global X MLP & Energy Infrastructure ETF Price Performance

Shares of NYSEARCA:MLPX opened at $69.53 on Friday. The firm has a fifty day moving average price of $63.08 and a two-hundred day moving average price of $61.34. The company has a market cap of $3.03 billion, a price-to-earnings ratio of 19.10 and a beta of 0.79. Global X MLP & Energy Infrastructure ETF has a one year low of $53.54 and a one year high of $69.94.

Global X MLP & Energy Infrastructure ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 12th. Shareholders of record on Monday, February 9th were paid a $0.74 dividend. The ex-dividend date was Monday, February 9th. This represents a $2.96 dividend on an annualized basis and a yield of 4.3%. This is an increase from Global X MLP & Energy Infrastructure ETF’s previous quarterly dividend of $0.08.

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.