Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX) Shares Sold by Birch Capital Management LLC

Birch Capital Management LLC reduced its stake in shares of Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX) by 28.5% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 12,446 shares of the company’s stock after selling 4,967 shares during the period. Birch Capital Management LLC’s holdings in Global X MLP & Energy Infrastructure ETF were worth $754,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of MLPX. Hara Capital LLC acquired a new position in shares of Global X MLP & Energy Infrastructure ETF in the third quarter worth about $33,000. Assetmark Inc. purchased a new position in Global X MLP & Energy Infrastructure ETF during the third quarter worth approximately $42,000. Adirondack Trust Co. purchased a new position in Global X MLP & Energy Infrastructure ETF during the third quarter worth approximately $55,000. Sunbelt Securities Inc. increased its position in shares of 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 valued at $61,000 after buying an additional 829 shares in the last quarter. Finally, Advisors Asset Management Inc. acquired a new position in shares of Global X MLP & Energy Infrastructure ETF during the 3rd quarter worth approximately $65,000.

Global X MLP & Energy Infrastructure ETF Trading Up 0.5 %

NYSEARCA:MLPX traded up $0.31 during trading hours on Tuesday, reaching $62.00. 338,059 shares of the company were exchanged, compared to its average volume of 399,073. The stock’s 50-day moving average is $60.87 and its 200-day moving average is $56.11. Global X MLP & Energy Infrastructure ETF has a twelve month low of $43.12 and a twelve month high of $64.72. The firm has a market cap of $1.75 billion, a PE ratio of 18.89 and a beta of 0.54.

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.