Global X MLP ETF (NYSEARCA:MLPA) Sees Strong Trading Volume – Still a Buy?

Shares of Global X MLP ETF (NYSEARCA:MLPA) saw an uptick in trading volume on Wednesday . 88,096 shares changed hands during trading, an increase of 28% from the previous session’s volume of 68,829 shares.The stock last traded at $50.26 and had previously closed at $49.83.

Global X MLP ETF Trading Up 1.0 %

The firm has a market capitalization of $1.70 billion, a P/E ratio of 12.27 and a beta of 0.37. The stock has a 50-day simple moving average of $49.62 and a two-hundred day simple moving average of $48.61.

Institutional Investors Weigh In On Global X MLP ETF

Institutional investors have recently bought and sold shares of the company. Paladin Wealth LLC purchased a new position in shares of Global X MLP ETF in the 3rd quarter valued at approximately $40,000. Brown Financial Advisors purchased a new position in shares of Global X MLP ETF in the second quarter worth $43,000. Capital Advisors Ltd. LLC lifted its stake in shares of 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 buying an additional 524 shares during the period. Hara Capital LLC purchased a new stake in shares of Global X MLP ETF during the third quarter valued at $59,000. Finally, Advisors Asset Management Inc. purchased a new position in Global X MLP ETF in the 3rd quarter worth $65,000.

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.