Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX) Hits New 52-Week High – Here’s Why

Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $64.50 and last traded at $63.90, with a volume of 10540 shares. The stock had previously closed at $64.20.

Global X MLP & Energy Infrastructure ETF Price Performance

The company’s fifty day moving average price is $57.83 and its 200 day moving average price is $53.73. The company has a market cap of $1.78 billion, a PE ratio of 18.89 and a beta of 0.54.

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

Hedge funds and other institutional investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC bought a new stake in Global X MLP & Energy Infrastructure ETF during the first quarter worth $28,000. Hara Capital LLC purchased a new stake in shares of Global X MLP & Energy Infrastructure ETF during the 3rd quarter valued at $33,000. Assetmark Inc. purchased a new stake in shares of Global X MLP & Energy Infrastructure ETF during the 3rd quarter valued at $42,000. Capital Advisors Ltd. LLC boosted its holdings in shares of Global X MLP & Energy Infrastructure ETF by 51.5% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 1,056 shares of the company’s stock worth $54,000 after buying an additional 359 shares during the last quarter. Finally, Adirondack Trust Co. purchased a new position in shares of Global X MLP & Energy Infrastructure ETF in the 3rd quarter worth about $55,000.

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.