SOL Capital Management CO Lowers Position in Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX)

SOL Capital Management CO cut its stake in Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX) by 0.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 84,250 shares of the company’s stock after selling 450 shares during the period. SOL Capital Management CO owned 0.30% of Global X MLP & Energy Infrastructure ETF worth $4,586,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. EverSource Wealth Advisors LLC purchased a new stake in Global X MLP & Energy Infrastructure ETF in the first quarter worth about $28,000. Adirondack Trust Co. purchased a new position in shares of Global X MLP & Energy Infrastructure ETF during the third quarter valued at approximately $55,000. Capital Advisors Ltd. LLC lifted its holdings in shares of Global X MLP & Energy Infrastructure ETF by 51.5% during the second quarter. Capital Advisors Ltd. LLC now owns 1,056 shares of the company’s stock valued at $54,000 after purchasing an additional 359 shares during the last quarter. MCF Advisors LLC purchased a new position in shares of Global X MLP & Energy Infrastructure ETF during the second quarter valued at approximately $64,000. Finally, Opal Wealth Advisors LLC purchased a new position in shares of Global X MLP & Energy Infrastructure ETF during the second quarter valued at approximately $64,000.

Global X MLP & Energy Infrastructure ETF Stock Performance

MLPX stock opened at $56.96 on Thursday. The firm has a 50 day moving average price of $54.68 and a 200-day moving average price of $51.78. Global X MLP & Energy Infrastructure ETF has a 52-week low of $41.81 and a 52-week high of $57.68. The firm has a market capitalization of $1.60 billion, a price-to-earnings ratio of 18.89 and a beta of 0.54.

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.