Foster & Motley Inc. Decreases Position in Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX)

Foster & Motley Inc. lowered its stake in shares of Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX) by 10.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,475 shares of the company’s stock after selling 1,353 shares during the quarter. Foster & Motley Inc.’s holdings in Global X MLP & Energy Infrastructure ETF were worth $625,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Wealth Enhancement Advisory Services LLC grew its holdings in Global X MLP & Energy Infrastructure ETF by 17.3% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 34,366 shares of the company’s stock worth $1,754,000 after acquiring an additional 5,075 shares in the last quarter. Creative Planning grew its stake in shares of Global X MLP & Energy Infrastructure ETF by 14.7% during the third quarter. Creative Planning now owns 12,760 shares of the company’s stock worth $695,000 after purchasing an additional 1,632 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in Global X MLP & Energy Infrastructure ETF by 86.3% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 96,289 shares of the company’s stock valued at $4,916,000 after buying an additional 44,616 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in Global X MLP & Energy Infrastructure ETF in the second quarter valued at $209,000. Finally, Evergreen Capital Management LLC purchased a new stake in Global X MLP & Energy Infrastructure ETF during the 2nd quarter worth about $22,083,000.

Global X MLP & Energy Infrastructure ETF Stock Performance

MLPX opened at $59.95 on Friday. Global X MLP & Energy Infrastructure ETF has a one year low of $42.29 and a one year high of $60.15. The company has a market cap of $1.69 billion, a P/E ratio of 18.89 and a beta of 0.54. The business’s 50-day simple moving average is $55.68 and its 200-day simple moving average is $52.48.

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.