Tcfg Wealth Management LLC Takes $1.73 Million Position in Global X MLP & Energy Infrastructure ETF $MLPX

Tcfg Wealth Management LLC acquired a new position in Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 27,563 shares of the company’s stock, valued at approximately $1,728,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Envestnet Asset Management Inc. raised its position in shares of Global X MLP & Energy Infrastructure ETF by 3.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 359,600 shares of the company’s stock worth $22,551,000 after buying an additional 10,828 shares in the last quarter. Global Retirement Partners LLC increased its stake in shares of Global X MLP & Energy Infrastructure ETF by 49.2% during the third quarter. Global Retirement Partners LLC now owns 60,907 shares of the company’s stock valued at $3,820,000 after acquiring an additional 20,098 shares during the period. American Trust bought a new stake in Global X MLP & Energy Infrastructure ETF during the second quarter worth approximately $1,418,000. Capital Advisors Ltd. LLC raised its holdings in Global X MLP & Energy Infrastructure ETF by 54.5% during the third quarter. Capital Advisors Ltd. LLC now owns 32,091 shares of the company’s stock worth $2,012,000 after purchasing an additional 11,318 shares in the last quarter. Finally, VSM Wealth Advisory LLC lifted its position in Global X MLP & Energy Infrastructure ETF by 902.0% in the second quarter. VSM Wealth Advisory LLC now owns 1,493 shares of the company’s stock worth $94,000 after purchasing an additional 1,344 shares during the period.

Global X MLP & Energy Infrastructure ETF Stock Performance

Shares of NYSEARCA MLPX opened at $72.36 on Thursday. Global X MLP & Energy Infrastructure ETF has a 1 year low of $53.54 and a 1 year high of $73.31. The firm has a market cap of $3.15 billion, a P/E ratio of 19.10 and a beta of 0.79. The stock has a fifty day moving average price of $67.48 and a two-hundred day moving average price of $62.81.

Global X MLP & Energy Infrastructure ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 12th. Investors of record on Monday, February 9th were paid a dividend of $0.74 per share. 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 yield of 4.1%. The ex-dividend date of this dividend was Monday, February 9th.

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.