A. D. Beadell Investment Counsel Inc. Makes New Investment in Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX)

A. D. Beadell Investment Counsel Inc. bought a new position in Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,654 shares of the company’s stock, valued at approximately $221,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Hara Capital LLC acquired a new stake in shares of Global X MLP & Energy Infrastructure ETF in the third quarter valued at approximately $33,000. Assetmark Inc. acquired a new stake in Global X MLP & Energy Infrastructure ETF during the 3rd quarter worth approximately $42,000. Adirondack Trust Co. bought a new stake in shares of Global X MLP & Energy Infrastructure ETF in the third quarter valued at about $55,000. Sunbelt Securities Inc. grew its position in shares of Global X MLP & Energy Infrastructure ETF by 276.3% during the 3rd quarter. Sunbelt Securities Inc. now owns 1,129 shares of the company’s stock worth $61,000 after purchasing an additional 829 shares in the last quarter. Finally, Advisors Asset Management Inc. acquired a new position in Global X MLP & Energy Infrastructure ETF in the 3rd quarter valued at $65,000.

Global X MLP & Energy Infrastructure ETF Stock Performance

Shares of Global X MLP & Energy Infrastructure ETF stock traded down $0.48 during trading on Friday, reaching $62.05. 189,478 shares of the company’s stock were exchanged, compared to its average volume of 505,000. The company has a market cap of $1.75 billion, a P/E ratio of 18.89 and a beta of 0.54. The firm’s 50-day moving average price is $61.19 and its 200 day moving average price is $56.28. Global X MLP & Energy Infrastructure ETF has a 1-year low of $43.12 and a 1-year high of $64.72.

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.