Global X MLP ETF (NYSEARCA:MLPA) Sees Unusually-High Trading Volume – Here’s What Happened

Global X MLP ETF (NYSEARCA:MLPA) shares saw unusually-strong trading volume on Monday . Approximately 357,605 shares traded hands during mid-day trading, an increase of 195% from the previous session’s volume of 121,323 shares.The stock last traded at $49.03 and had previously closed at $48.88.

Global X MLP ETF Stock Up 0.2 %

The firm has a 50 day moving average of $48.13 and a 200 day moving average of $47.86. The firm has a market cap of $1.68 billion, a price-to-earnings ratio of 12.27 and a beta of 0.37.

Hedge Funds Weigh In On Global X MLP ETF

A number of institutional investors and hedge funds have recently made changes to their positions in MLPA. Rothschild Investment LLC acquired a new stake in Global X MLP ETF in the 2nd quarter valued at $30,000. Paladin Wealth LLC bought a new stake in Global X MLP ETF during the third quarter worth $40,000. Brown Financial Advisors bought a new stake in shares of Global X MLP ETF in the 2nd quarter worth $43,000. Capital Advisors Ltd. LLC boosted its stake in shares of Global X MLP ETF by 94.4% in the 3rd quarter. Capital Advisors Ltd. LLC now owns 1,079 shares of the company’s stock worth $52,000 after buying an additional 524 shares during the last quarter. Finally, Hara Capital LLC bought a new position in shares of Global X MLP ETF in the third quarter valued at approximately $59,000.

Global X MLP ETF Company Profile

The Global X MLP ETF (MLPA) is an exchange-traded fund that is based on the Solactive MLP Infrastructure index, a market-cap-weighted index of US-listed midstream MLPs, and is structured as a C-corporation. MLPA was launched on Apr 18, 2012 and is managed by Global X.