Baird Financial Group Inc. has decreased its stake in the Global X MLP & Energy Infrastructure ETF (NYSEARCA: MLPX) by 6.7% during the second quarter of 2023, according to Holdings Channel. After selling 19,252 shares, the institutional investor now holds 266,520 shares valued at approximately $16.7 million.
Several other institutional investors have also adjusted their positions in MLPX recently. For instance, First Horizon Advisors Inc. acquired a new stake worth $57,000 in the same quarter. Meanwhile, Sumitomo Mitsui Trust Group Inc. increased its holdings by 7.1%, bringing its total to 90,581 shares valued at $5.68 million after acquiring an additional 5,968 shares.
Wealth Enhancement Advisory Services LLC has also boosted its stake by 2.4%, now owning 46,203 shares worth $2.86 million following the purchase of an additional 1,102 shares. Similarly, Janney Montgomery Scott LLC increased its holdings by 20.9%, now holding 11,079 shares valued at $694,000. Lastly, Advisors Asset Management Inc. saw a significant increase of 35.2% in its position, owning 78,690 shares now worth $4.93 million after acquiring 20,485 shares.
Market Performance and Overview
On Friday, MLPX opened at $61.53. The ETF has a market capitalization of $2.60 billion, a price-to-earnings ratio of 19.10, and a beta of 0.79. Its 50-day moving average price stands at $59.92, while the two-hundred day moving average price is at $60.79. Over the past year, MLPX has experienced fluctuations, reaching a low of $53.54 and a high of $67.47.
The Global X MLP & Energy Infrastructure ETF primarily invests in energy equity and tracks an index of master limited partnerships (MLPs) and companies involved in energy infrastructure. Launched on August 7, 2013, it is managed by Global X.
Investors interested in tracking the performance of MLPX can find updates, including the latest 13F filings and insider trades, through platforms like Holdings Channel.
