Fifth Third Securities Inc. Invests $899,000 in Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX)

Fifth Third Securities Inc. purchased a new position in shares of Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX) in the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 14,839 shares of the company’s stock, valued at approximately $899,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Icon Wealth Advisors LLC bought a new position in shares of Global X MLP & Energy Infrastructure ETF during the third quarter valued at approximately $6,025,000. Menlo Advisors LLC grew its position in Global X MLP & Energy Infrastructure ETF by 1,302.3% in the 3rd quarter. Menlo Advisors LLC now owns 81,402 shares of the company’s stock valued at $4,430,000 after acquiring an additional 75,597 shares during the last quarter. Key Client Fiduciary Advisors LLC bought a new position in Global X MLP & Energy Infrastructure ETF in the 4th quarter valued at $2,571,000. Transform Wealth LLC increased its stake in Global X MLP & Energy Infrastructure ETF by 109.1% in the third quarter. Transform Wealth LLC now owns 65,455 shares of the company’s stock worth $3,563,000 after purchasing an additional 34,148 shares during the period. Finally, Legacy Capital Wealth Partners LLC increased its stake in Global X MLP & Energy Infrastructure ETF by 93.8% in the third quarter. Legacy Capital Wealth Partners LLC now owns 65,501 shares of the company’s stock worth $3,565,000 after purchasing an additional 31,709 shares during the period.

Global X MLP & Energy Infrastructure ETF Trading Down 2.9 %

NYSEARCA MLPX opened at $62.61 on Friday. The company’s 50-day moving average price is $62.46 and its 200-day moving average price is $57.68. The stock has a market cap of $1.76 billion, a PE ratio of 18.89 and a beta of 0.54. Global X MLP & Energy Infrastructure ETF has a 12 month low of $43.12 and a 12 month high of $67.47.

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.