Argent Advisors Inc. Sells 476 Shares of Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX)

Argent Advisors Inc. cut its stake in Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX) by 1.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 43,266 shares of the company’s stock after selling 476 shares during the period. Global X MLP & Energy Infrastructure ETF accounts for 1.0% of Argent Advisors Inc.’s holdings, making the stock its 21st biggest position. Argent Advisors Inc.’s holdings in Global X MLP & Energy Infrastructure ETF were worth $2,620,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in MLPX. Beacon Harbor Wealth Advisors Inc. purchased a new position in shares of Global X MLP & Energy Infrastructure ETF in the fourth quarter worth approximately $12,622,000. Raymond James Financial Inc. purchased a new position in shares of Global X MLP & Energy Infrastructure ETF in the fourth quarter worth approximately $12,433,000. Icon Wealth Advisors LLC purchased a new position in shares of Global X MLP & Energy Infrastructure ETF in the third quarter worth approximately $6,025,000. B&D White Capital Company LLC purchased a new position in shares of Global X MLP & Energy Infrastructure ETF in the fourth quarter worth approximately $5,387,000. Finally, Menlo Advisors LLC boosted its holdings in shares of Global X MLP & Energy Infrastructure ETF by 1,302.3% in the third quarter. Menlo Advisors LLC now owns 81,402 shares of the company’s stock worth $4,430,000 after buying an additional 75,597 shares during the last quarter.

Global X MLP & Energy Infrastructure ETF Trading Up 1.7 %

MLPX opened at $63.23 on Tuesday. The company has a market cap of $2.77 billion, a price-to-earnings ratio of 18.91 and a beta of 1.25. The company’s 50 day moving average is $62.87 and its 200 day moving average is $59.92. Global X MLP & Energy Infrastructure ETF has a 12-month low of $46.69 and a 12-month high of $67.47.

About Global X MLP & Energy Infrastructure ETF

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.