Spinnaker Investment Group LLC Takes Position in Global X MLP & Energy Infrastructure ETF $MLPX

Spinnaker Investment Group LLC bought a new position in shares of Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX) in the fourth quarter, Holdings Channel reports. The institutional investor bought 20,907 shares of the company’s stock, valued at approximately $1,266,000.

Several other hedge funds have also recently modified their holdings of MLPX. Somerset Trust Co lifted its stake in Global X MLP & Energy Infrastructure ETF by 6.2% in the 4th quarter. Somerset Trust Co now owns 4,662 shares of the company’s stock valued at $282,000 after buying an additional 271 shares in the last quarter. Clear Trail Advisors LLC purchased a new stake in Global X MLP & Energy Infrastructure ETF during the 4th quarter worth approximately $215,000. Teamwork Financial Advisors LLC raised its holdings in shares of Global X MLP & Energy Infrastructure ETF by 12.7% during the fourth quarter. Teamwork Financial Advisors LLC now owns 40,848 shares of the company’s stock valued at $2,473,000 after acquiring an additional 4,596 shares during the last quarter. Old Port Advisors raised its holdings in shares of Global X MLP & Energy Infrastructure ETF by 2.4% during the fourth quarter. Old Port Advisors now owns 78,757 shares of the company’s stock valued at $4,767,000 after acquiring an additional 1,828 shares during the last quarter. Finally, Park Avenue Securities LLC lifted its position in shares of Global X MLP & Energy Infrastructure ETF by 16.6% in the fourth quarter. Park Avenue Securities LLC now owns 40,271 shares of the company’s stock valued at $2,438,000 after acquiring an additional 5,729 shares in the last quarter.

Global X MLP & Energy Infrastructure ETF Price Performance

Shares of NYSEARCA:MLPX opened at $75.08 on Wednesday. Global X MLP & Energy Infrastructure ETF has a 1 year low of $53.54 and a 1 year high of $75.89. The firm has a market capitalization of $3.27 billion, a PE ratio of 19.10 and a beta of 0.79. The business’s 50 day moving average price is $68.59 and its 200-day moving average price is $63.20.

Global X MLP & Energy Infrastructure ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 12th. Shareholders of record on Monday, February 9th were issued a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date was Monday, February 9th. This is an increase from Global X MLP & Energy Infrastructure ETF’s previous quarterly dividend of $0.08.

Global X MLP & Energy Infrastructure ETF Company 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.