Rooted Wealth Advisors Inc. Grows Stake in Global X MLP & Energy Infrastructure ETF $MLPX

Rooted Wealth Advisors Inc. boosted its stake in shares of Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX) by 113.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 71,282 shares of the company’s stock after acquiring an additional 37,936 shares during the quarter. Global X MLP & Energy Infrastructure ETF comprises about 1.3% of Rooted Wealth Advisors Inc.’s investment portfolio, making the stock its 20th biggest position. Rooted Wealth Advisors Inc. owned 0.16% of Global X MLP & Energy Infrastructure ETF worth $5,012,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in MLPX. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Global X MLP & Energy Infrastructure ETF by 9,626.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,392,414 shares of the company’s stock valued at $144,813,000 after purchasing an additional 2,367,818 shares during the last quarter. Morgan Stanley increased its position in shares of Global X MLP & Energy Infrastructure ETF by 8.6% during the 4th quarter. Morgan Stanley now owns 10,749,125 shares of the company’s stock valued at $650,645,000 after purchasing an additional 848,899 shares during the last quarter. Two Sigma Investments LP bought a new position in shares of Global X MLP & Energy Infrastructure ETF during the 3rd quarter valued at approximately $26,344,000. Bank of America Corp DE raised its holdings in Global X MLP & Energy Infrastructure ETF by 12.8% during the 2nd quarter. Bank of America Corp DE now owns 2,446,860 shares of the company’s stock valued at $153,320,000 after buying an additional 277,692 shares during the period. Finally, Wells Fargo & Company MN lifted its position in Global X MLP & Energy Infrastructure ETF by 16.5% in the fourth quarter. Wells Fargo & Company MN now owns 1,206,576 shares of the company’s stock worth $73,034,000 after buying an additional 171,290 shares during the last quarter.

Global X MLP & Energy Infrastructure ETF Stock Up 0.4%

NYSEARCA MLPX opened at $75.12 on Friday. The company has a fifty day moving average of $73.67 and a two-hundred day moving average of $69.32. The firm has a market capitalization of $3.50 billion, a price-to-earnings ratio of 19.10 and a beta of 0.58. Global X MLP & Energy Infrastructure ETF has a 52 week low of $57.66 and a 52 week high of $78.36.

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.