Shares of Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX – Get Free Report) saw unusually-strong trading volume on Friday . Approximately 475,945 shares traded hands during mid-day trading, an increase of 124% from the previous session’s volume of 212,116 shares.The stock last traded at $60.90 and had previously closed at $60.64.
Global X MLP & Energy Infrastructure ETF Stock Up 0.4 %
The company has a market capitalization of $1.71 billion, a price-to-earnings ratio of 18.89 and a beta of 0.54. The stock has a 50 day simple moving average of $56.35 and a 200 day simple moving average of $52.89.
Hedge Funds Weigh In On Global X MLP & Energy Infrastructure ETF
Several hedge funds and other institutional investors have recently modified their holdings of the company. EverSource Wealth Advisors LLC bought a new position in Global X MLP & Energy Infrastructure ETF in the 1st quarter worth approximately $28,000. Hara Capital LLC bought a new position in shares of Global X MLP & Energy Infrastructure ETF in the third quarter worth $33,000. Assetmark Inc. bought a new stake in shares of Global X MLP & Energy Infrastructure ETF during the third quarter valued at about $42,000. Adirondack Trust Co. acquired a new stake in Global X MLP & Energy Infrastructure ETF in the third quarter worth about $55,000. Finally, Capital Advisors Ltd. LLC grew its position in Global X MLP & Energy Infrastructure ETF by 51.5% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 1,056 shares of the company’s stock valued at $54,000 after buying an additional 359 shares in the last quarter.
About Global X MLP & Energy Infrastructure ETF
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.
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