Truist Financial Corp Raises Position in Global X MLP & Energy Infrastructure ETF $MLPX

Truist Financial Corp raised its position in shares of Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX) by 9.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 17,517 shares of the company’s stock after acquiring an additional 1,559 shares during the quarter. Truist Financial Corp’s holdings in Global X MLP & Energy Infrastructure ETF were worth $1,098,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. NorthRock Partners LLC bought a new stake in shares of Global X MLP & Energy Infrastructure ETF during the first quarter valued at approximately $38,000. Cullen Frost Bankers Inc. boosted its holdings in shares of Global X MLP & Energy Infrastructure ETF by 81.1% during the 1st quarter. Cullen Frost Bankers Inc. now owns 929 shares of the company’s stock valued at $59,000 after buying an additional 416 shares in the last quarter. Stonebridge Financial Group LLC purchased a new stake in shares of Global X MLP & Energy Infrastructure ETF in the 1st quarter worth about $64,000. Opal Wealth Advisors LLC purchased a new stake in shares of Global X MLP & Energy Infrastructure ETF in the 1st quarter worth about $68,000. Finally, SVB Wealth LLC bought a new position in shares of Global X MLP & Energy Infrastructure ETF in the 1st quarter worth about $80,000.

Global X MLP & Energy Infrastructure ETF Price Performance

Shares of NYSEARCA MLPX opened at $59.23 on Monday. 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 50-day moving average of $61.17 and a 200 day moving average of $60.98. The stock has a market cap of $2.51 billion, a P/E ratio of 19.10 and a beta of 1.30.

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.