Global X MLP & Energy Infrastructure ETF $MLPX is Payne Capital Management LLC’s 2nd Largest Position

Payne Capital Management LLC raised its position in Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX) by 15.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 404,118 shares of the company’s stock after acquiring an additional 53,806 shares during the period. Global X MLP & Energy Infrastructure ETF makes up approximately 8.2% of Payne Capital Management LLC’s holdings, making the stock its 2nd biggest holding. Payne Capital Management LLC’s holdings in Global X MLP & Energy Infrastructure ETF were worth $25,342,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Envestnet Asset Management Inc. grew its stake in 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 during the last quarter. Global Retirement Partners LLC boosted its holdings in Global X MLP & Energy Infrastructure ETF by 49.2% in the third quarter. Global Retirement Partners LLC now owns 60,907 shares of the company’s stock worth $3,820,000 after acquiring an additional 20,098 shares in the last quarter. American Trust acquired a new stake in Global X MLP & Energy Infrastructure ETF in the second quarter worth about $1,418,000. Capital Advisors Ltd. LLC grew its stake in shares of 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 acquiring an additional 11,318 shares during the last quarter. Finally, VSM Wealth Advisory LLC grew its stake in shares of Global X MLP & Energy Infrastructure ETF by 902.0% during the second quarter. VSM Wealth Advisory LLC now owns 1,493 shares of the company’s stock worth $94,000 after acquiring an additional 1,344 shares during the last quarter.

Global X MLP & Energy Infrastructure ETF Stock Down 0.3%

MLPX opened at $72.36 on Thursday. The company has a market cap of $3.15 billion, a P/E ratio of 19.10 and a beta of 0.79. The firm’s 50-day moving average price is $67.48 and its 200-day moving average price is $62.81. Global X MLP & Energy Infrastructure ETF has a 52-week low of $53.54 and a 52-week high of $73.31.

Global X MLP & Energy Infrastructure ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 12th. Shareholders of record on Monday, February 9th were paid a dividend of $0.74 per share. This represents a $2.96 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date was Monday, February 9th. This is a positive change from Global X MLP & Energy Infrastructure ETF’s previous quarterly dividend of $0.08.

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.