Envestnet Asset Management Inc. Boosts Stock Position in Global X MLP & Energy Infrastructure ETF $MLPX

Envestnet Asset Management Inc. increased its position in Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX) by 3.1% in the 3rd quarter, HoldingsChannel reports. The fund owned 359,600 shares of the company’s stock after buying an additional 10,828 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Global X MLP & Energy Infrastructure ETF were worth $22,551,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also added to or reduced their stakes in the company. Briaud Financial Planning Inc boosted its position in shares of Global X MLP & Energy Infrastructure ETF by 1,270.6% in the second quarter. Briaud Financial Planning Inc now owns 466 shares of the company’s stock worth $29,000 after purchasing an additional 432 shares during the period. IFP Advisors Inc lifted its stake in shares of Global X MLP & Energy Infrastructure ETF by 35.5% during the 2nd quarter. IFP Advisors Inc now owns 722 shares of the company’s stock valued at $45,000 after buying an additional 189 shares in the last quarter. First Horizon Advisors Inc. purchased a new stake in Global X MLP & Energy Infrastructure ETF in the 2nd quarter worth $57,000. Russell Investments Group Ltd. raised its holdings in Global X MLP & Energy Infrastructure ETF by 24,040.0% during the second quarter. Russell Investments Group Ltd. now owns 1,207 shares of the company’s stock valued at $76,000 after acquiring an additional 1,202 shares during the period. Finally, VSM Wealth Advisory LLC raised its holdings in Global X MLP & Energy Infrastructure ETF by 902.0% during the second quarter. VSM Wealth Advisory LLC now owns 1,493 shares of the company’s stock valued at $94,000 after acquiring an additional 1,344 shares during the period.

Global X MLP & Energy Infrastructure ETF Stock Up 2.5%

NYSEARCA MLPX opened at $69.73 on Friday. Global X MLP & Energy Infrastructure ETF has a twelve month low of $53.54 and a twelve month high of $69.79. The business has a 50-day moving average price of $62.38 and a 200-day moving average price of $61.14. The firm has a market cap of $3.04 billion, a price-to-earnings ratio of 19.10 and a beta of 0.79.

Global X MLP & Energy Infrastructure ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 12th. Stockholders of record on Monday, February 9th were given a dividend of $0.74 per share. The ex-dividend date was Monday, February 9th. This is an increase from Global X MLP & Energy Infrastructure ETF’s previous quarterly dividend of $0.08. This represents a $2.96 annualized dividend and a dividend yield of 4.2%.

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.