Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX) Hits New 12-Month High – Here’s What Happened

Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX)’s share price hit a new 52-week high on Monday . The stock traded as high as $61.49 and last traded at $61.49, with a volume of 6079 shares traded. The stock had previously closed at $61.16.

Global X MLP & Energy Infrastructure ETF Stock Performance

The firm has a market cap of $1.74 billion, a price-to-earnings ratio of 18.89 and a beta of 0.54. The company has a 50 day moving average price of $56.51 and a 200 day moving average price of $53.03.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Evergreen Capital Management LLC purchased a new position in shares of Global X MLP & Energy Infrastructure ETF in the 2nd quarter valued at about $22,083,000. Cetera Investment Advisers acquired a new stake in Global X MLP & Energy Infrastructure ETF during the 1st quarter worth approximately $10,155,000. Icon Wealth Advisors LLC acquired a new stake in shares of Global X MLP & Energy Infrastructure ETF during the third quarter worth $6,025,000. Envestnet Asset Management Inc. boosted its holdings in shares of Global X MLP & Energy Infrastructure ETF by 25.0% in the second quarter. Envestnet Asset Management Inc. now owns 413,623 shares of the company’s stock valued at $21,115,000 after acquiring an additional 82,703 shares in the last quarter. Finally, Atria Investments Inc acquired a new position in Global X MLP & Energy Infrastructure ETF during the 1st quarter worth approximately $3,988,000.

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.