PNC Financial Services Group Inc. Decreases Stock Holdings in Global X MLP & Energy Infrastructure ETF $MLPX

PNC Financial Services Group Inc. lessened its holdings in Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX) by 9.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 492,750 shares of the company’s stock after selling 50,947 shares during the period. PNC Financial Services Group Inc.’s holdings in Global X MLP & Energy Infrastructure ETF were worth $30,900,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Warner Group LLC acquired a new stake in Global X MLP & Energy Infrastructure ETF in the 3rd quarter valued at $5,741,000. Naviter Wealth LLC boosted its position in shares of Global X MLP & Energy Infrastructure ETF by 32.7% in the third quarter. Naviter Wealth LLC now owns 72,821 shares of the company’s stock worth $4,567,000 after buying an additional 17,927 shares during the period. Advisors Asset Management Inc. boosted its position in shares of Global X MLP & Energy Infrastructure ETF by 36.0% in the third quarter. Advisors Asset Management Inc. now owns 107,057 shares of the company’s stock worth $6,714,000 after buying an additional 28,367 shares during the period. Stratos Wealth Partners LTD. grew its stake in shares of Global X MLP & Energy Infrastructure ETF by 14.1% in the third quarter. Stratos Wealth Partners LTD. now owns 25,743 shares of the company’s stock valued at $1,614,000 after buying an additional 3,187 shares in the last quarter. Finally, Stratos Wealth Advisors LLC raised its holdings in shares of Global X MLP & Energy Infrastructure ETF by 9.3% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 136,732 shares of the company’s stock valued at $8,574,000 after buying an additional 11,604 shares during the period.

Global X MLP & Energy Infrastructure ETF Stock Performance

Global X MLP & Energy Infrastructure ETF stock opened at $69.73 on Tuesday. The firm has a market capitalization of $3.04 billion, a PE ratio of 19.10 and a beta of 0.79. Global X MLP & Energy Infrastructure ETF has a one year low of $53.54 and a one year high of $69.79. The stock’s 50 day moving average price is $62.55 and its 200 day moving average price is $61.18.

Global X MLP & Energy Infrastructure ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 12th. Stockholders of record on Monday, February 9th were given a dividend of $0.74 per share. The ex-dividend date of this dividend was Monday, February 9th. This is an increase from Global X MLP & Energy Infrastructure ETF’s previous quarterly dividend of $0.08. This represents a $2.96 dividend on an annualized basis and a dividend yield of 4.2%.

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.