Strong Insider Buying Reported in MLPX Holdings

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A look at the weighted underlying holdings of the MLP and Energy Infrastructure ETF ( MLPX ) shows an impressive 29.6% of holdings on a weighted basis have experienced insider buying within the past six months.

Phillips 66 Partners LP (Symbol: PSXP), which makes up 0.22% of the MLP and Energy Infrastructure ETF ( MLPX ), has seen 2 directors and officers purchase shares in the past six months, according to the recent Form 4 data. The ETF holds a total of $188,756 worth of PSXP, making it the #32 largest holding. The table below details the recent insider buying activity observed at PSXP:

PSXP - last trade: $49.62 - Recent Insider Buys:

Purchased Insider Title Shares Price/Share Value
11/28/2018 Joseph O'toole Director 10,000 $46.96 $469,600
01/16/2019 Mark Haney Director 1,392 $49.31 $68,641

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Stocks , ETFs
Referenced Symbols: MLPX , PSXP

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