Mainstay Capital Management LLC ADV Takes Position in Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX)

Mainstay Capital Management LLC ADV bought a new stake in Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 39,828 shares of the company’s stock, valued at approximately $2,412,000. Global X MLP & Energy Infrastructure ETF accounts for about 0.4% of Mainstay Capital Management LLC ADV’s portfolio, making the stock its 19th biggest position. Mainstay Capital Management LLC ADV owned about 0.14% of Global X MLP & Energy Infrastructure ETF at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. MGB Wealth Management LLC purchased a new stake in shares of Global X MLP & Energy Infrastructure ETF in the fourth quarter valued at $28,000. Key Financial Inc purchased a new position in Global X MLP & Energy Infrastructure ETF in the 4th quarter worth about $30,000. Hara Capital LLC purchased a new position in Global X MLP & Energy Infrastructure ETF in the 3rd quarter worth about $33,000. Assetmark Inc. purchased a new position in Global X MLP & Energy Infrastructure ETF in the 3rd quarter worth about $42,000. Finally, Sunbelt Securities Inc. increased its stake in Global X MLP & Energy Infrastructure ETF by 276.3% in the 3rd quarter. Sunbelt Securities Inc. now owns 1,129 shares of the company’s stock worth $61,000 after buying an additional 829 shares during the period.

Global X MLP & Energy Infrastructure ETF Price Performance

MLPX stock opened at $62.20 on Monday. The company has a market capitalization of $1.75 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 $45.33 and a 12 month high of $67.47. The firm’s 50-day moving average is $62.55 and its 200 day moving average is $58.89.

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.