Sunbeam Capital Management LLC Takes Position in Global X MLP & Energy Infrastructure ETF $MLPX

Sunbeam Capital Management LLC acquired a new stake in Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 11,497 shares of the company’s stock, valued at approximately $720,000.

Several other institutional investors have also modified their holdings of MLPX. Rational Advisors Inc. bought a new stake in shares of Global X MLP & Energy Infrastructure ETF in the 1st quarter valued at approximately $52,628,000. Principal Financial Group Inc. bought a new stake in shares of Global X MLP & Energy Infrastructure ETF in the 1st quarter valued at approximately $41,470,000. Advisory Alpha LLC lifted its stake in shares of Global X MLP & Energy Infrastructure ETF by 11,228.3% in the 1st quarter. Advisory Alpha LLC now owns 380,177 shares of the company’s stock valued at $24,259,000 after purchasing an additional 376,821 shares during the last quarter. Raymond James Financial Inc. lifted its stake in shares of Global X MLP & Energy Infrastructure ETF by 165.7% in the 1st quarter. Raymond James Financial Inc. now owns 545,478 shares of the company’s stock valued at $34,807,000 after purchasing an additional 340,184 shares during the last quarter. Finally, LPL Financial LLC lifted its stake in shares of Global X MLP & Energy Infrastructure ETF by 28.1% in the 1st quarter. LPL Financial LLC now owns 1,404,062 shares of the company’s stock valued at $89,593,000 after purchasing an additional 308,235 shares during the last quarter.

Global X MLP & Energy Infrastructure ETF Price Performance

NYSEARCA:MLPX opened at $61.89 on Tuesday. The firm has a market capitalization of $2.62 billion, a price-to-earnings ratio of 19.10 and a beta of 1.30. Global X MLP & Energy Infrastructure ETF has a 1 year low of $53.54 and a 1 year high of $67.47. The business has a 50 day simple moving average of $61.26 and a 200-day simple moving average of $61.08.

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.