Global X MLP ETF (NYSEARCA:MLPA) Reaches New 52-Week High – What’s Next?

Global X MLP ETF (NYSEARCA:MLPAGet Free Report) shares reached a new 52-week high on Monday . The stock traded as high as $55.77 and last traded at $55.66, with a volume of 51011 shares traded. The stock had previously closed at $55.39.

Global X MLP ETF Trading Up 0.7%

The firm has a market capitalization of $2.22 billion, a price-to-earnings ratio of 14.42 and a beta of 0.47. The firm has a fifty day moving average price of $54.03 and a 200 day moving average price of $51.36.

Institutional Trading of Global X MLP ETF

Hedge funds have recently modified their holdings of the company. Smartleaf Asset Management LLC acquired a new stake in shares of Global X MLP ETF in the 3rd quarter valued at about $46,000. Turtle Creek Wealth Advisors LLC acquired a new position in Global X MLP ETF during the first quarter worth $102,000. NBC Securities Inc. boosted its holdings in Global X MLP ETF by 9.7% during the fourth quarter. NBC Securities Inc. now owns 2,683 shares of the company’s stock worth $130,000 after purchasing an additional 238 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in Global X MLP ETF by 541.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,957 shares of the company’s stock worth $143,000 after purchasing an additional 2,496 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. boosted its holdings in Global X MLP ETF by 1,461.2% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 3,060 shares of the company’s stock worth $148,000 after purchasing an additional 2,864 shares during the last quarter.

Global X MLP ETF Company Profile

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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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