Global X MLP ETF (NYSEARCA:MLPA) Sets New 1-Year High – Here’s Why

Global X MLP ETF (NYSEARCA:MLPA)’s stock price hit a new 52-week high during trading on Wednesday . The company traded as high as $51.11 and last traded at $51.11, with a volume of 2885 shares traded. The stock had previously closed at $50.96.

Global X MLP ETF Trading Up 0.9 %

The company has a market cap of $1.74 billion, a P/E ratio of 12.27 and a beta of 0.37. The firm’s 50 day moving average price is $48.38 and its 200-day moving average price is $47.95.

Institutional Trading of Global X MLP ETF

Several hedge funds have recently bought and sold shares of MLPA. Comerica Bank increased its holdings in Global X MLP ETF by 19.3% during the first quarter. Comerica Bank now owns 77,442 shares of the company’s stock worth $3,734,000 after buying an additional 12,543 shares during the last quarter. Austin Wealth Management LLC boosted its position in Global X MLP ETF by 6.2% during the first quarter. Austin Wealth Management LLC now owns 7,122 shares of the company’s stock worth $336,000 after purchasing an additional 416 shares during the period. Cetera Investment Advisers raised its position in shares of Global X MLP ETF by 44.0% in the first quarter. Cetera Investment Advisers now owns 295,725 shares of the company’s stock valued at $14,260,000 after purchasing an additional 90,297 shares during the period. Cetera Advisors LLC raised its position in shares of Global X MLP ETF by 164.1% in the first quarter. Cetera Advisors LLC now owns 98,179 shares of the company’s stock valued at $4,734,000 after purchasing an additional 61,003 shares during the period. Finally, Astoria Portfolio Advisors LLC. raised its position in shares of Global X MLP ETF by 32.4% in the second quarter. Astoria Portfolio Advisors LLC. now owns 5,705 shares of the company’s stock valued at $277,000 after purchasing an additional 1,397 shares during the period.

About Global X MLP ETF

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.