Global X MLP ETF (NYSEARCA:MLPA) Hits New 12-Month High – Should You Buy?

Global X MLP ETF (NYSEARCA:MLPA) shares reached a new 52-week high on Thursday . The stock traded as high as $50.19 and last traded at $50.13, with a volume of 54323 shares traded. The stock had previously closed at $49.62.

Global X MLP ETF Stock Up 1.1 %

The company’s fifty day simple moving average is $48.28 and its two-hundred day simple moving average is $47.90. The company has a market capitalization of $1.72 billion, a price-to-earnings ratio of 12.27 and a beta of 0.37.

Institutional Trading of Global X MLP ETF

A number of large investors have recently added to or reduced their stakes in the company. Rothschild Investment LLC acquired a new stake in Global X MLP ETF in the 2nd quarter worth about $30,000. Paladin Wealth LLC bought a new position in Global X MLP ETF in the 3rd quarter valued at about $40,000. Brown Financial Advisors bought a new position in Global X MLP ETF in the 2nd quarter valued at about $43,000. Capital Advisors Ltd. LLC increased its holdings in Global X MLP ETF by 94.4% in the 3rd quarter. Capital Advisors Ltd. LLC now owns 1,079 shares of the company’s stock valued at $52,000 after buying an additional 524 shares during the period. Finally, Hara Capital LLC bought a new position in Global X MLP ETF in the 3rd quarter valued at about $59,000.

About Global X MLP ETF

The Global X MLP ETF (MLPA) is an exchange-traded fund that is based on the Solactive MLP Infrastructure index, a market-cap-weighted index of US-listed midstream MLPs, and is structured as a C-corporation. MLPA was launched on Apr 18, 2012 and is managed by Global X.