Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX) Hits New 12-Month High – Still a Buy?

Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX)’s stock price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $61.49 and last traded at $61.49, with a volume of 6079 shares changing hands. The stock had previously closed at $61.16.

Global X MLP & Energy Infrastructure ETF Price Performance

The business has a 50-day moving average of $56.69 and a 200-day moving average of $53.13. The firm has a market cap of $1.77 billion, a price-to-earnings ratio of 18.89 and a beta of 0.54.

Institutional Trading of Global X MLP & Energy Infrastructure ETF

A number of hedge funds and other institutional investors have recently modified their holdings of MLPX. EverSource Wealth Advisors LLC bought a new position in Global X MLP & Energy Infrastructure ETF during the first quarter worth about $28,000. Hara Capital LLC bought a new position in Global X MLP & Energy Infrastructure ETF during the third quarter worth about $33,000. Assetmark Inc. bought a new position in Global X MLP & Energy Infrastructure ETF during the third quarter worth about $42,000. Adirondack Trust Co. bought a new position in Global X MLP & Energy Infrastructure ETF during the third quarter worth about $55,000. Finally, Capital Advisors Ltd. LLC grew its holdings in Global X MLP & Energy Infrastructure ETF by 51.5% during the second quarter. Capital Advisors Ltd. LLC now owns 1,056 shares of the company’s stock worth $54,000 after purchasing an additional 359 shares during the period.

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.