Menlo Advisors LLC Boosts Stock Position in Global X MLP & Energy Infrastructure ETF $MLPX

Menlo Advisors LLC raised its holdings in Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX) by 16.7% in the second quarter, Holdings Channel reports. The firm owned 115,872 shares of the company’s stock after purchasing an additional 16,620 shares during the period. Global X MLP & Energy Infrastructure ETF accounts for 3.8% of Menlo Advisors LLC’s investment portfolio, making the stock its 11th largest holding. Menlo Advisors LLC’s holdings in Global X MLP & Energy Infrastructure ETF were worth $8,535,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. grew its position in Global X MLP & Energy Infrastructure ETF by 9,626.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,392,414 shares of the company’s stock valued at $144,813,000 after buying an additional 2,367,818 shares during the period. Nottingham Advisors Inc. boosted its stake in Global X MLP & Energy Infrastructure ETF by 51.6% in the first quarter. Nottingham Advisors Inc. now owns 88,333 shares of the company’s stock valued at $6,531,000 after acquiring an additional 30,056 shares during the last quarter. Decker Wealth Management LLC purchased a new position in Global X MLP & Energy Infrastructure ETF in the first quarter valued at about $27,700,000. Lido Advisors LLC bought a new position in shares of Global X MLP & Energy Infrastructure ETF during the 1st quarter valued at approximately $822,000. Finally, Fiduciary Alliance LLC increased its stake in shares of Global X MLP & Energy Infrastructure ETF by 12.6% during the 1st quarter. Fiduciary Alliance LLC now owns 120,491 shares of the company’s stock worth $8,524,000 after purchasing an additional 13,478 shares during the last quarter.

Global X MLP & Energy Infrastructure ETF Trading Down 1.1%

NYSEARCA:MLPX opened at $75.26 on Friday. The firm’s 50 day moving average is $75.16 and its 200 day moving average is $73.92. Global X MLP & Energy Infrastructure ETF has a 12 month low of $57.66 and a 12 month high of $78.36. The stock has a market capitalization of $3.65 billion, a PE ratio of 19.10 and a beta of 0.58.

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.