14.6% of MLPX Holdings Seeing Recent Insider Buys

A look at the weighted underlying holdings of the MLP and Energy Infrastructure ETF (MLPX) shows an impressive 14.6% of holdings on a weighted basis have experienced insider buying within the past six months.

Phillips 66 Partners LP (Symbol: PSXP), which makes up 0.07% 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 $118,625 worth of PSXP, making it the #32 largest holding. The table below details the recent insider buying activity observed at PSXP:

PSXP — last trade: $30.45 — Recent Insider Buys:

Purchased Insider Title Shares Price/Share Value
01/22/2020 Mark Haney Director 1,640 $62.17 $101,967
01/22/2020 Phillip David Bairrington Director 1,640 $62.13 $101,901
03/12/2020 Phillip David Bairrington Director 15,000 $32.50 $487,562

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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.

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