Northstar Advisory Group LLC Acquires Shares of 21,155 Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX)

Northstar Advisory Group LLC bought a new position in shares of Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 21,155 shares of the company’s stock, valued at approximately $1,350,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Ameritas Investment Partners Inc. increased its stake in Global X MLP & Energy Infrastructure ETF by 21.9% during the fourth quarter. Ameritas Investment Partners Inc. now owns 891 shares of the company’s stock worth $54,000 after acquiring an additional 160 shares during the last quarter. Private Advisor Group LLC lifted its position in Global X MLP & Energy Infrastructure ETF by 4.0% in the fourth quarter. Private Advisor Group LLC now owns 7,894 shares of the company’s stock valued at $478,000 after buying an additional 304 shares during the last quarter. MGB Wealth Management LLC acquired a new position in Global X MLP & Energy Infrastructure ETF in the fourth quarter valued at about $28,000. Key Financial Inc purchased a new position in Global X MLP & Energy Infrastructure ETF during the fourth quarter worth about $30,000. Finally, Creative Financial Designs Inc. ADV acquired a new stake in shares of Global X MLP & Energy Infrastructure ETF during the fourth quarter valued at about $30,000.

Global X MLP & Energy Infrastructure ETF Stock Performance

Global X MLP & Energy Infrastructure ETF stock opened at $62.23 on Monday. The company’s 50 day simple moving average is $60.13 and its 200-day simple moving average is $61.69. Global X MLP & Energy Infrastructure ETF has a 1 year low of $48.90 and a 1 year high of $67.47. The company has a market capitalization of $2.67 billion, a price-to-earnings ratio of 18.75 and a beta of 0.77.

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.