Spinnaker Investment Group LLC Purchases 7,490 Shares of Global X MLP & Energy Infrastructure ETF $MLPX

Spinnaker Investment Group LLC raised its position in Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX) by 30.9% during the second quarter, Holdings Channel.com reports. The fund owned 31,704 shares of the company’s stock after purchasing an additional 7,490 shares during the quarter. Global X MLP & Energy Infrastructure ETF accounts for approximately 0.4% of Spinnaker Investment Group LLC’s investment portfolio, making the stock its 27th largest position. Spinnaker Investment Group LLC’s holdings in Global X MLP & Energy Infrastructure ETF were worth $2,335,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Advisory Services Network LLC boosted its holdings in shares of Global X MLP & Energy Infrastructure ETF by 0.7% during the second quarter. Advisory Services Network LLC now owns 28,092 shares of the company’s stock worth $1,747,000 after purchasing an additional 184 shares during the period. Fielder Capital Group LLC increased its holdings in Global X MLP & Energy Infrastructure ETF by 1.4% during the 4th quarter. Fielder Capital Group LLC now owns 13,284 shares of the company’s stock valued at $804,000 after purchasing an additional 188 shares during the period. Wealthspan Partners LLC increased its holdings in Global X MLP & Energy Infrastructure ETF by 1.0% during the 4th quarter. Wealthspan Partners LLC now owns 18,533 shares of the company’s stock valued at $1,122,000 after purchasing an additional 189 shares during the period. Concurrent Investment Advisors LLC raised its position in Global X MLP & Energy Infrastructure ETF by 1.5% during the 4th quarter. Concurrent Investment Advisors LLC now owns 13,093 shares of the company’s stock valued at $793,000 after purchasing an additional 190 shares during the last quarter. Finally, Comprehensive Money Management Services LLC raised its position in Global X MLP & Energy Infrastructure ETF by 3.7% during the 1st quarter. Comprehensive Money Management Services LLC now owns 5,285 shares of the company’s stock valued at $391,000 after purchasing an additional 190 shares during the last quarter.

Global X MLP & Energy Infrastructure ETF Stock Performance

NYSEARCA MLPX opened at $73.57 on Tuesday. The stock has a market cap of $3.56 billion, a P/E ratio of 19.10 and a beta of 0.58. Global X MLP & Energy Infrastructure ETF has a fifty-two week low of $57.66 and a fifty-two week high of $78.36. The stock has a 50 day simple moving average of $74.31 and a two-hundred day simple moving average of $72.51.

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.