Morangie Management LLC Invests $1.41 Million in Global X MLP & Energy Infrastructure ETF $MLPX

Morangie Management LLC purchased a new position in shares of Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX) in the 2nd quarter, HoldingsChannel.com reports. The firm purchased 22,558 shares of the company’s stock, valued at approximately $1,413,000. Global X MLP & Energy Infrastructure ETF accounts for about 1.2% of Morangie Management LLC’s holdings, making the stock its 18th biggest position.

Several other large investors also recently modified their holdings of the stock. SOL Capital Management CO increased its stake in shares of Global X MLP & Energy Infrastructure ETF by 0.3% during the 1st quarter. SOL Capital Management CO now owns 85,394 shares of the company’s stock worth $5,449,000 after purchasing an additional 244 shares during the last quarter. Somerset Trust Co increased its stake in shares of Global X MLP & Energy Infrastructure ETF by 7.5% during the 2nd quarter. Somerset Trust Co now owns 4,307 shares of the company’s stock worth $270,000 after purchasing an additional 300 shares during the last quarter. Flagship Harbor Advisors LLC increased its stake in shares of Global X MLP & Energy Infrastructure ETF by 2.6% during the 1st quarter. Flagship Harbor Advisors LLC now owns 15,286 shares of the company’s stock worth $975,000 after purchasing an additional 384 shares during the last quarter. Collaborative Wealth Managment Inc. grew its stake in Global X MLP & Energy Infrastructure ETF by 3.4% in the 1st quarter. Collaborative Wealth Managment Inc. now owns 11,571 shares of the company’s stock valued at $738,000 after buying an additional 384 shares in the last quarter. Finally, Sax Wealth Advisors LLC grew its stake in Global X MLP & Energy Infrastructure ETF by 8.4% in the 1st quarter. Sax Wealth Advisors LLC now owns 5,091 shares of the company’s stock valued at $325,000 after buying an additional 395 shares in the last quarter.

Global X MLP & Energy Infrastructure ETF Trading Up 0.4%

Global X MLP & Energy Infrastructure ETF stock opened at $62.90 on Friday. Global X MLP & Energy Infrastructure ETF has a 1-year low of $53.54 and a 1-year high of $67.47. The firm has a market capitalization of $2.67 billion, a price-to-earnings ratio of 19.10 and a beta of 1.30. The firm has a 50 day simple moving average of $61.03 and a 200 day simple moving average of $61.11.

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.