Global X MLP ETF (NYSEARCA:MLPA) Sets New 12-Month High – Here’s Why

Global X MLP ETF (NYSEARCA:MLPA) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $53.88 and last traded at $53.47, with a volume of 244350 shares. The stock had previously closed at $52.95.

Global X MLP ETF Trading Up 1.0 %

The firm has a fifty day moving average price of $50.26 and a 200 day moving average price of $48.79. The firm has a market cap of $1.81 billion, a PE ratio of 12.27 and a beta of 0.37.

Hedge Funds Weigh In On Global X MLP ETF

A number of institutional investors have recently bought and sold shares of the company. Friedenthal Financial lifted its stake in shares of Global X MLP ETF by 2.1% in the 3rd quarter. Friedenthal Financial now owns 12,060 shares of the company’s stock valued at $579,000 after purchasing an additional 251 shares during the last quarter. MONECO Advisors LLC lifted its position in Global X MLP ETF by 3.7% in the third quarter. MONECO Advisors LLC now owns 7,255 shares of the company’s stock valued at $348,000 after buying an additional 261 shares during the last quarter. Wiser Advisor Group LLC boosted its stake in Global X MLP ETF by 3.0% during the third quarter. Wiser Advisor Group LLC now owns 12,669 shares of the company’s stock worth $608,000 after buying an additional 373 shares during the period. Capital Advisors Ltd. LLC increased its position in shares of Global X MLP ETF by 94.4% during the third quarter. Capital Advisors Ltd. LLC now owns 1,079 shares of the company’s stock valued at $52,000 after acquiring an additional 524 shares during the last quarter. Finally, Black Swift Group LLC raised its stake in shares of Global X MLP ETF by 1.3% in the 3rd quarter. Black Swift Group LLC now owns 41,155 shares of the company’s stock valued at $1,975,000 after acquiring an additional 535 shares during the period.

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.