Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX – Get Free Report) reached a new 52-week high on Monday . The stock traded as high as $76.45 and last traded at $76.19, with a volume of 68354 shares trading hands. The stock had previously closed at $76.16.
Global X MLP & Energy Infrastructure ETF Stock Up 0.7%
The company has a market capitalization of $3.57 billion, a P/E ratio of 19.10 and a beta of 0.60. The company has a 50-day moving average of $73.00 and a two-hundred day moving average of $66.30.
Institutional Investors Weigh In On Global X MLP & Energy Infrastructure ETF
Hedge funds have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. boosted its holdings in Global X MLP & Energy Infrastructure ETF by 3.1% in the third quarter. Envestnet Asset Management Inc. now owns 359,600 shares of the company’s stock worth $22,551,000 after acquiring an additional 10,828 shares in the last quarter. Fiduciary Alliance LLC increased its position in shares of Global X MLP & Energy Infrastructure ETF by 11.0% during the fourth quarter. Fiduciary Alliance LLC now owns 107,013 shares of the company’s stock valued at $6,478,000 after acquiring an additional 10,621 shares in the last quarter. Elevation Point Wealth Partners LLC bought a new stake in shares of Global X MLP & Energy Infrastructure ETF during the third quarter valued at approximately $1,245,000. Tcfg Wealth Management LLC bought a new stake in shares of Global X MLP & Energy Infrastructure ETF during the third quarter valued at approximately $1,728,000. Finally, JPMorgan Chase & Co. increased its position in shares of Global X MLP & Energy Infrastructure ETF by 4.4% during the third quarter. JPMorgan Chase & Co. now owns 349,771 shares of the company’s stock valued at $21,934,000 after acquiring an additional 14,677 shares in the last quarter.
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.
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