Congress Wealth Management LLC DE Makes New $437,000 Investment in Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX)

Congress Wealth Management LLC DE bought a new stake in shares of Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 7,218 shares of the company’s stock, valued at approximately $437,000.

A number of other institutional investors have also recently made changes to their positions in MLPX. MGB Wealth Management LLC bought a new stake in Global X MLP & Energy Infrastructure ETF in the fourth quarter worth $28,000. Key Financial Inc purchased a new stake in shares of Global X MLP & Energy Infrastructure ETF in the fourth quarter valued at $30,000. Creative Financial Designs Inc. ADV bought a new stake in shares of Global X MLP & Energy Infrastructure ETF in the 4th quarter worth about $30,000. Cullen Frost Bankers Inc. purchased a new position in shares of Global X MLP & Energy Infrastructure ETF during the 4th quarter worth about $31,000. Finally, Steward Partners Investment Advisory LLC purchased a new position in shares of Global X MLP & Energy Infrastructure ETF during the 4th quarter worth about $51,000.

Global X MLP & Energy Infrastructure ETF Price Performance

Global X MLP & Energy Infrastructure ETF stock opened at $63.90 on Friday. Global X MLP & Energy Infrastructure ETF has a 1-year low of $46.69 and a 1-year high of $67.47. The company’s 50-day moving average is $62.99 and its 200 day moving average is $60.49. The firm has a market capitalization of $2.80 billion, a P/E ratio of 18.91 and a beta of 1.25.

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.