Principal Financial Group Inc. Trims Stock Position in Global X MLP & Energy Infrastructure ETF $MLPX

Principal Financial Group Inc. decreased its stake in Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX) by 8.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 611,025 shares of the company’s stock after selling 55,475 shares during the period. Principal Financial Group Inc.’s holdings in Global X MLP & Energy Infrastructure ETF were worth $45,179,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Purpose Unlimited Inc. acquired a new stake in Global X MLP & Energy Infrastructure ETF during the 4th quarter worth $27,000. Turtle Creek Wealth Advisors LLC acquired a new position in Global X MLP & Energy Infrastructure ETF in the first quarter valued at $29,000. Private Wealth Asset Management LLC purchased a new position in shares of Global X MLP & Energy Infrastructure ETF during the fourth quarter worth about $30,000. Simplex Trading LLC increased its position in shares of Global X MLP & Energy Infrastructure ETF by 247.9% during the fourth quarter. Simplex Trading LLC now owns 508 shares of the company’s stock worth $31,000 after purchasing an additional 362 shares in the last quarter. Finally, Clearstead Advisors LLC acquired a new stake in shares of Global X MLP & Energy Infrastructure ETF during the fourth quarter worth about $49,000.

Global X MLP & Energy Infrastructure ETF Stock Performance

Global X MLP & Energy Infrastructure ETF stock opened at $76.36 on Friday. 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 company has a market capitalization of $3.63 billion, a P/E ratio of 19.10 and a beta of 0.57. The stock has a 50-day simple moving average of $74.37 and a 200-day simple moving average of $70.84.

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.