Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX) Reaches New 1-Year High – Here’s What Happened

Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $57.83 and last traded at $57.75, with a volume of 29328 shares changing hands. The stock had previously closed at $56.96.

Global X MLP & Energy Infrastructure ETF Trading Up 1.9 %

The firm has a fifty day moving average of $55.31 and a 200 day moving average of $52.31. The company has a market capitalization of $1.64 billion, a P/E ratio of 18.89 and a beta of 0.54.

Institutional Investors Weigh In On Global X MLP & Energy Infrastructure ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. Baker Avenue Asset Management LP lifted its holdings in Global X MLP & Energy Infrastructure ETF by 6.3% in the 3rd quarter. Baker Avenue Asset Management LP now owns 144,871 shares of the company’s stock worth $7,885,000 after purchasing an additional 8,550 shares in the last quarter. Legacy Capital Wealth Partners LLC raised its holdings in shares of Global X MLP & Energy Infrastructure ETF by 93.8% during the 3rd quarter. Legacy Capital Wealth Partners LLC now owns 65,501 shares of the company’s stock worth $3,565,000 after acquiring an additional 31,709 shares in the last quarter. Assetmark Inc. bought a new position in shares of Global X MLP & Energy Infrastructure ETF during the 3rd quarter valued at approximately $42,000. Leavell Investment Management Inc. grew its holdings in shares of Global X MLP & Energy Infrastructure ETF by 2.7% in the third quarter. Leavell Investment Management Inc. now owns 34,276 shares of the company’s stock valued at $1,866,000 after purchasing an additional 912 shares in the last quarter. Finally, Hara Capital LLC purchased a new stake in Global X MLP & Energy Infrastructure ETF during the third quarter valued at $33,000.

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.