Global X MLP ETF (NYSEARCA:MLPA) Sees Strong Trading Volume – Here’s What Happened

Global X MLP ETF (NYSEARCA:MLPA) shares saw an uptick in trading volume on Monday . 237,643 shares were traded during mid-day trading, an increase of 64% from the previous session’s volume of 144,986 shares.The stock last traded at $53.52 and had previously closed at $52.97.

Global X MLP ETF Price Performance

The company’s 50-day simple moving average is $50.95 and its 200-day simple moving average is $49.05. The company has a market cap of $1.81 billion, a price-to-earnings ratio of 12.27 and a beta of 0.37.

Hedge Funds Weigh In On Global X MLP ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. Friedenthal Financial lifted its stake in Global X MLP ETF by 2.1% during the third quarter. Friedenthal Financial now owns 12,060 shares of the company’s stock worth $579,000 after purchasing an additional 251 shares during the last quarter. MONECO Advisors LLC lifted its stake in Global X MLP ETF by 3.7% during the third quarter. MONECO Advisors LLC now owns 7,255 shares of the company’s stock worth $348,000 after purchasing an additional 261 shares during the last quarter. L.M. Kohn & Company lifted its stake in Global X MLP ETF by 6.6% during the fourth quarter. L.M. Kohn & Company now owns 4,845 shares of the company’s stock worth $239,000 after purchasing an additional 300 shares during the last quarter. Wiser Advisor Group LLC lifted its stake in Global X MLP ETF by 3.0% during the third quarter. Wiser Advisor Group LLC now owns 12,669 shares of the company’s stock worth $608,000 after purchasing an additional 373 shares during the last quarter. Finally, Capital Advisors Ltd. LLC lifted its stake in Global X MLP ETF by 94.4% during the third quarter. Capital Advisors Ltd. LLC now owns 1,079 shares of the company’s stock worth $52,000 after purchasing an additional 524 shares during the last quarter.

Global X MLP ETF Company Profile

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.