Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX) Sees Unusually-High Trading Volume – Should You Buy?

Shares of Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX) saw an uptick in trading volume on Tuesday . 748,981 shares were traded during trading, an increase of 83% from the previous session’s volume of 409,317 shares.The stock last traded at $61.75 and had previously closed at $61.69.

Global X MLP & Energy Infrastructure ETF Stock Performance

The company has a market capitalization of $1.76 billion, a PE ratio of 18.89 and a beta of 0.54. The company’s fifty day moving average is $61.08 and its 200-day moving average is $56.23.

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

Institutional investors have recently bought and sold shares of the business. Hara Capital LLC purchased a new stake in shares of Global X MLP & Energy Infrastructure ETF during the third quarter worth about $33,000. Assetmark Inc. purchased a new position in shares of Global X MLP & Energy Infrastructure ETF in the third quarter worth $42,000. Adirondack Trust Co. bought a new position in shares of Global X MLP & Energy Infrastructure ETF during the third quarter worth $55,000. Sunbelt Securities Inc. grew its stake in Global X MLP & Energy Infrastructure ETF by 276.3% during the third quarter. Sunbelt Securities Inc. now owns 1,129 shares of the company’s stock valued at $61,000 after acquiring an additional 829 shares in the last quarter. Finally, Advisors Asset Management Inc. bought a new position in shares of Global X MLP & Energy Infrastructure ETF during the 3rd quarter valued at about $65,000.

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.