Tcfg Wealth Management LLC Acquires New Position in Global X MLP & Energy Infrastructure ETF $MLPX

Tcfg Wealth Management LLC acquired a new stake in shares of Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 27,563 shares of the company’s stock, valued at approximately $1,728,000.

A number of other institutional investors and hedge funds have also bought and sold shares of MLPX. Fifth Third Bancorp raised its holdings in Global X MLP & Energy Infrastructure ETF by 709.9% in the third quarter. Fifth Third Bancorp now owns 575 shares of the company’s stock worth $36,000 after buying an additional 504 shares during the last quarter. Blume Capital Management Inc. grew its holdings in shares of Global X MLP & Energy Infrastructure ETF by 493.8% during the third quarter. Blume Capital Management Inc. now owns 962 shares of the company’s stock valued at $60,000 after buying an additional 800 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Global X MLP & Energy Infrastructure ETF by 24,040.0% during the second quarter. Russell Investments Group Ltd. now owns 1,207 shares of the company’s stock valued at $76,000 after buying an additional 1,202 shares during the last quarter. VSM Wealth Advisory LLC increased its position 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 valued at $94,000 after acquiring an additional 1,344 shares in the last quarter. Finally, MCF Advisors LLC increased its position in shares of Global X MLP & Energy Infrastructure ETF by 60.8% during the third quarter. MCF Advisors LLC now owns 2,156 shares of the company’s stock valued at $135,000 after acquiring an additional 815 shares in the last quarter.

Global X MLP & Energy Infrastructure ETF Stock Up 0.3%

Shares of NYSEARCA MLPX opened at $72.57 on Wednesday. The firm has a market cap of $3.16 billion, a P/E ratio of 19.10 and a beta of 0.79. Global X MLP & Energy Infrastructure ETF has a twelve month low of $53.54 and a twelve month high of $73.31. The company has a 50 day moving average of $67.22 and a 200 day moving average of $62.75.

Global X MLP & Energy Infrastructure ETF Increases Dividend

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

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.