Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX) Sets New 12-Month High – What’s Next?

Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX) shares reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $64.92 and last traded at $64.87, with a volume of 33257 shares changing hands. The stock had previously closed at $64.27.

Global X MLP & Energy Infrastructure ETF Price Performance

The business has a fifty day moving average price of $61.55 and a 200 day moving average price of $56.61. The company has a market capitalization of $1.82 billion, a price-to-earnings ratio of 18.89 and a beta of 0.54.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in MLPX. Sanctuary Advisors LLC lifted its stake in Global X MLP & Energy Infrastructure ETF by 39.1% during the third quarter. Sanctuary Advisors LLC now owns 5,908 shares of the company’s stock worth $322,000 after purchasing an additional 1,660 shares during the period. FMR LLC raised its holdings in shares of Global X MLP & Energy Infrastructure ETF by 8.5% in the 3rd quarter. FMR LLC now owns 3,676 shares of the company’s stock worth $200,000 after buying an additional 288 shares in the last quarter. HighTower Advisors LLC lifted its position in shares of Global X MLP & Energy Infrastructure ETF by 35.4% during the 3rd quarter. HighTower Advisors LLC now owns 7,406 shares of the company’s stock worth $407,000 after buying an additional 1,938 shares during the period. US Bancorp DE boosted its stake in Global X MLP & Energy Infrastructure ETF by 57.6% in the 3rd quarter. US Bancorp DE now owns 6,330 shares of the company’s stock valued at $345,000 after buying an additional 2,314 shares in the last quarter. Finally, Advisors Asset Management Inc. bought a new stake in Global X MLP & Energy Infrastructure ETF in the third quarter valued at $65,000.

Global X MLP & Energy Infrastructure ETF Company Profile

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.