Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX) Sees Large Volume Increase – What’s Next?

Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX) saw unusually-strong trading volume on Wednesday . Approximately 592,820 shares changed hands during trading, an increase of 187% from the previous session’s volume of 206,361 shares.The stock last traded at $59.88 and had previously closed at $58.25.

Global X MLP & Energy Infrastructure ETF Price Performance

The company has a fifty day simple moving average of $55.55 and a two-hundred day simple moving average of $52.43. The company has a market capitalization of $1.69 billion, a P/E ratio of 18.89 and a beta of 0.54.

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

Several institutional investors have recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC increased its stake in shares of Global X MLP & Energy Infrastructure ETF by 17.3% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 34,366 shares of the company’s stock worth $1,754,000 after purchasing an additional 5,075 shares during the period. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Global X MLP & Energy Infrastructure ETF by 86.3% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 96,289 shares of the company’s stock worth $4,916,000 after acquiring an additional 44,616 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in shares of Global X MLP & Energy Infrastructure ETF in the 2nd quarter worth approximately $209,000. Evergreen Capital Management LLC acquired a new position in shares of Global X MLP & Energy Infrastructure ETF in the 2nd quarter worth approximately $22,083,000. Finally, Creative Planning boosted its holdings in shares of Global X MLP & Energy Infrastructure ETF by 14.7% in the 3rd quarter. Creative Planning now owns 12,760 shares of the company’s stock worth $695,000 after acquiring an additional 1,632 shares in the last quarter.

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.