Global X MLP ETF (NYSEARCA:MLPA – Get Free Report)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $57.00 and last traded at $57.00, with a volume of 144 shares. The stock had previously closed at $56.37.
Global X MLP ETF Price Performance
The firm’s 50 day moving average is $54.23 and its 200 day moving average is $53.71. The company has a market capitalization of $2.27 billion, a PE ratio of 14.42 and a beta of 0.45.
Hedge Funds Weigh In On Global X MLP ETF
A number of hedge funds have recently modified their holdings of MLPA. Foundations Investment Advisors LLC raised its stake in shares of Global X MLP ETF by 4,705.6% during the fourth quarter. Foundations Investment Advisors LLC now owns 254,505 shares of the company’s stock valued at $12,321,000 after acquiring an additional 249,209 shares during the last quarter. Greenspring Advisors LLC boosted its holdings in shares of Global X MLP ETF by 5,502.2% during the fourth quarter. Greenspring Advisors LLC now owns 236,859 shares of the company’s stock worth $11,466,000 after purchasing an additional 232,631 shares during the period. Quadrature Capital Ltd boosted its holdings in shares of Global X MLP ETF by 2,831.8% during the fourth quarter. Quadrature Capital Ltd now owns 160,544 shares of the company’s stock worth $7,772,000 after purchasing an additional 155,068 shares during the period. Matrix Private Capital Group LLC bought a new stake in shares of Global X MLP ETF in the first quarter worth about $7,641,000. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of Global X MLP ETF by 29,373.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 135,874 shares of the company’s stock worth $6,578,000 after purchasing an additional 135,413 shares during the last quarter.
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.
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