Global X MLP ETF (NYSEARCA:MLPA – Get Free Report) reached a new 52-week high on Wednesday . The stock traded as high as $56.97 and last traded at $56.84, with a volume of 80950 shares changing hands. The stock had previously closed at $56.26.
Global X MLP ETF Price Performance
The company has a market cap of $2.30 billion, a price-to-earnings ratio of 14.42 and a beta of 0.45. The business’s fifty day moving average price is $54.96 and its 200 day moving average price is $54.26.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Royal Bank of Canada increased its holdings in shares of Global X MLP ETF by 7.2% in the first quarter. Royal Bank of Canada now owns 403,392 shares of the company’s stock worth $21,733,000 after purchasing an additional 26,983 shares during the last quarter. Greenspring Advisors LLC increased its stake 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 valued at $11,466,000 after buying an additional 232,631 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Global X MLP ETF by 29,373.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 135,874 shares of the company’s stock valued at $6,578,000 after purchasing an additional 135,413 shares in the last quarter. Rockefeller Capital Management L.P. raised its position in shares of Global X MLP ETF by 31.1% in the 4th quarter. Rockefeller Capital Management L.P. now owns 399,223 shares of the company’s stock worth $19,326,000 after acquiring an additional 94,623 shares in the last quarter. Finally, Foundations Investment Advisors LLC lifted its position 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 buying an additional 249,209 shares during the last quarter.
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.
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