Global X MLP ETF (NYSEARCA:MLPA – Get Free Report) crossed below its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of $54.30 and traded as low as $54.11. Global X MLP ETF shares last traded at $54.28, with a volume of 215,706 shares traded.
Global X MLP ETF Trading Down 0.1%
The firm has a 50 day moving average of $55.30 and a 200-day moving average of $54.30. The company has a market cap of $2.39 billion, a P/E ratio of 14.42 and a beta of 0.48.
Institutional Investors Weigh In On Global X MLP ETF
Institutional investors have recently added to or reduced their stakes in the stock. Madrid Financial Services bought a new stake in shares of Global X MLP ETF during the third quarter valued at approximately $25,780,000. Evergreen Capital Management LLC bought a new position in shares of Global X MLP ETF during the third quarter worth $25,760,000. Gradient Investments LLC boosted its position in shares of Global X MLP ETF by 3.4% during the second quarter. Gradient Investments LLC now owns 436,144 shares of the company’s stock worth $23,151,000 after acquiring an additional 14,343 shares during the last quarter. Royal Bank of Canada grew its stake in Global X MLP ETF by 7.2% during the first quarter. Royal Bank of Canada now owns 403,392 shares of the company’s stock valued at $21,733,000 after acquiring an additional 26,983 shares in the last quarter. Finally, Cetera Investment Advisers grew its stake in Global X MLP ETF by 2.3% during the first quarter. Cetera Investment Advisers now owns 321,927 shares of the company’s stock valued at $17,342,000 after acquiring an additional 7,370 shares in 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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