Truist Financial Corp Increases Holdings in Global X MLP & Energy Infrastructure ETF $MLPX

Truist Financial Corp increased its stake in Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX) by 9.8% in the 2nd quarter, HoldingsChannel reports. The fund owned 17,517 shares of the company’s stock after acquiring an additional 1,559 shares during the period. Truist Financial Corp’s holdings in Global X MLP & Energy Infrastructure ETF were worth $1,098,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Global X MLP & Energy Infrastructure ETF by 13.7% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 45,101 shares of the company’s stock valued at $2,878,000 after purchasing an additional 5,438 shares during the last quarter. Opal Wealth Advisors LLC purchased a new stake in Global X MLP & Energy Infrastructure ETF during the 1st quarter valued at $68,000. Dynamic Advisor Solutions LLC lifted its position in Global X MLP & Energy Infrastructure ETF by 6.5% in the first quarter. Dynamic Advisor Solutions LLC now owns 66,610 shares of the company’s stock worth $4,250,000 after buying an additional 4,050 shares during the last quarter. Fortis Advisors LLC boosted its stake in Global X MLP & Energy Infrastructure ETF by 0.8% during the first quarter. Fortis Advisors LLC now owns 89,306 shares of the company’s stock worth $5,699,000 after buying an additional 697 shares during the period. Finally, Janney Montgomery Scott LLC boosted its stake in Global X MLP & Energy Infrastructure ETF by 29.3% during the first quarter. Janney Montgomery Scott LLC now owns 9,160 shares of the company’s stock worth $584,000 after buying an additional 2,073 shares during the period.

Global X MLP & Energy Infrastructure ETF Trading Down 2.2%

Shares of MLPX opened at $59.23 on Monday. The company’s fifty day simple moving average is $61.17 and its 200-day simple moving average is $60.98. The company has a market cap of $2.51 billion, a P/E ratio of 19.10 and a beta of 1.30. Global X MLP & Energy Infrastructure ETF has a twelve month low of $53.54 and a twelve month high of $67.47.

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.