Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX) Sets New 1-Year High – What’s Next?

Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $68.04 and last traded at $66.69, with a volume of 3312 shares. The stock had previously closed at $66.05.

Global X MLP & Energy Infrastructure ETF Price Performance

The business’s 50-day moving average price is $62.09 and its 200-day moving average price is $57.12. The firm has a market capitalization of $1.86 billion, a PE ratio of 18.89 and a beta of 0.54.

Hedge Funds Weigh In On Global X MLP & Energy Infrastructure ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of MLPX. Icon Wealth Advisors LLC purchased a new position in Global X MLP & Energy Infrastructure ETF in the 3rd quarter valued at $6,025,000. Menlo Advisors LLC boosted its position in shares of Global X MLP & Energy Infrastructure ETF by 1,302.3% during the 3rd quarter. Menlo Advisors LLC now owns 81,402 shares of the company’s stock worth $4,430,000 after purchasing an additional 75,597 shares in the last quarter. Key Client Fiduciary Advisors LLC purchased a new stake in shares of Global X MLP & Energy Infrastructure ETF during the 4th quarter worth $2,571,000. Transform Wealth LLC boosted its position in shares of Global X MLP & Energy Infrastructure ETF by 109.1% during the 3rd quarter. Transform Wealth LLC now owns 65,455 shares of the company’s stock worth $3,563,000 after purchasing an additional 34,148 shares in the last quarter. Finally, Legacy Capital Wealth Partners LLC boosted its position 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 purchasing an additional 31,709 shares in the last quarter.

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.