A. D. Beadell Investment Counsel Inc. Makes New Investment in Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX)

A. D. Beadell Investment Counsel Inc. acquired a new position in Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 3,654 shares of the company’s stock, valued at approximately $221,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Hara Capital LLC bought a new position in Global X MLP & Energy Infrastructure ETF in the 3rd quarter valued at $33,000. Assetmark Inc. purchased a new stake in Global X MLP & Energy Infrastructure ETF during the third quarter worth about $42,000. Adirondack Trust Co. purchased a new stake in Global X MLP & Energy Infrastructure ETF during the third quarter worth about $55,000. Sunbelt Securities Inc. raised its position in Global X MLP & Energy Infrastructure ETF by 276.3% in the third quarter. Sunbelt Securities Inc. now owns 1,129 shares of the company’s stock worth $61,000 after acquiring an additional 829 shares during the period. Finally, Advisors Asset Management Inc. bought a new position in shares of Global X MLP & Energy Infrastructure ETF during the 3rd quarter valued at approximately $65,000.

Global X MLP & Energy Infrastructure ETF Trading Down 0.8 %

Shares of NYSEARCA:MLPX traded down $0.48 during mid-day trading on Friday, reaching $62.05. The company had a trading volume of 189,478 shares, compared to its average volume of 505,000. Global X MLP & Energy Infrastructure ETF has a one year low of $43.12 and a one year high of $64.72. The company’s 50-day moving average price is $61.19 and its 200-day moving average price is $56.28. The firm has a market cap of $1.75 billion, a price-to-earnings ratio of 18.89 and a beta of 0.54.

Global X MLP & Energy Infrastructure ETF 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.