MAI Capital Management Trims Stock Position in Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX)

MAI Capital Management trimmed its holdings in shares of Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX) by 1.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 183,474 shares of the company’s stock after selling 2,335 shares during the period. MAI Capital Management’s holdings in Global X MLP & Energy Infrastructure ETF were worth $9,987,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of MLPX. Evergreen Capital Management LLC acquired a new stake in Global X MLP & Energy Infrastructure ETF during the 2nd quarter valued at $22,083,000. Envestnet Asset Management Inc. lifted its position in shares of 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 valued at $21,115,000 after acquiring an additional 82,703 shares in the last quarter. Annandale Capital LLC boosted its stake in shares of Global X MLP & Energy Infrastructure ETF by 4.1% during the second quarter. Annandale Capital LLC now owns 302,549 shares of the company’s stock valued at $15,445,000 after acquiring an additional 11,879 shares during the last quarter. Cetera Investment Advisers increased its position in Global X MLP & Energy Infrastructure ETF by 8.2% during the 2nd quarter. Cetera Investment Advisers now owns 224,248 shares of the company’s stock worth $11,448,000 after purchasing an additional 16,951 shares in the last quarter. Finally, Curran Financial Partners LLC raised its stake in Global X MLP & Energy Infrastructure ETF by 3.2% in the 3rd quarter. Curran Financial Partners LLC now owns 220,729 shares of the company’s stock valued at $12,014,000 after purchasing an additional 6,890 shares during the last quarter.

Global X MLP & Energy Infrastructure ETF Price Performance

Global X MLP & Energy Infrastructure ETF stock opened at $62.11 on Tuesday. The stock has a market capitalization of $1.75 billion, a P/E ratio of 18.89 and a beta of 0.54. Global X MLP & Energy Infrastructure ETF has a 12-month low of $43.02 and a 12-month high of $62.18. The firm’s 50-day moving average is $56.51 and its two-hundred day moving average is $53.03.

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.