Sumitomo Mitsui Trust Group Inc. Boosts Stock Position in Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX)

Sumitomo Mitsui Trust Group Inc. grew its stake in shares of Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX) by 88.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 84,613 shares of the company’s stock after acquiring an additional 39,643 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Global X MLP & Energy Infrastructure ETF were worth $5,399,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Phoenix Financial Ltd. boosted its stake in Global X MLP & Energy Infrastructure ETF by 26.6% during the fourth quarter. Phoenix Financial Ltd. now owns 3,285,750 shares of the company’s stock valued at $199,110,000 after buying an additional 690,000 shares during the period. Evergreen Capital Management LLC bought a new stake in Global X MLP & Energy Infrastructure ETF during the fourth quarter valued at $25,442,000. Bank of Montreal Can boosted its stake in Global X MLP & Energy Infrastructure ETF by 25,926.3% during the fourth quarter. Bank of Montreal Can now owns 281,084 shares of the company’s stock valued at $17,022,000 after buying an additional 280,004 shares during the period. Teamwork Financial Advisors LLC boosted its stake in Global X MLP & Energy Infrastructure ETF by 755.5% during the first quarter. Teamwork Financial Advisors LLC now owns 269,188 shares of the company’s stock valued at $17,177,000 after buying an additional 237,723 shares during the period. Finally, LPL Financial LLC boosted its stake in Global X MLP & Energy Infrastructure ETF by 26.6% during the fourth quarter. LPL Financial LLC now owns 1,095,827 shares of the company’s stock valued at $66,363,000 after buying an additional 230,052 shares during the period.

Global X MLP & Energy Infrastructure ETF Stock Performance

NYSEARCA:MLPX opened at $61.83 on Friday. The firm has a market capitalization of $2.64 billion, a price-to-earnings ratio of 19.10 and a beta of 1.30. Global X MLP & Energy Infrastructure ETF has a 52-week low of $49.52 and a 52-week high of $67.47. The stock has a fifty day moving average of $61.23 and a 200 day moving average of $61.63.

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.