Global X MLP ETF (NYSEARCA:MLPA) Sees Strong Trading Volume – Here’s What Happened

Global X MLP ETF (NYSEARCA:MLPAGet Free Report) shares saw an uptick in trading volume on Monday . 237,643 shares were traded during mid-day trading, an increase of 64% from the previous session’s volume of 144,986 shares.The stock last traded at $53.52 and had previously closed at $52.97.

Global X MLP ETF Trading Up 1.1 %

The business’s fifty day moving average price is $50.95 and its 200 day moving average price is $49.05. The firm has a market capitalization of $1.81 billion, a price-to-earnings ratio of 12.27 and a beta of 0.37.

Hedge Funds Weigh In On Global X MLP ETF

Several institutional investors have recently bought and sold shares of MLPA. Columbus Macro LLC acquired a new position in shares of Global X MLP ETF during the 4th quarter worth $12,358,000. Raymond James & Associates grew its stake in shares of Global X MLP ETF by 38.6% during the 3rd quarter. Raymond James & Associates now owns 465,116 shares of the company’s stock worth $22,316,000 after purchasing an additional 129,449 shares during the period. Attessa Capital LLC acquired a new position in shares of Global X MLP ETF during the 4th quarter worth $2,504,000. Global Retirement Partners LLC grew its stake in shares of Global X MLP ETF by 59.5% during the 4th quarter. Global Retirement Partners LLC now owns 99,379 shares of the company’s stock worth $4,910,000 after purchasing an additional 37,081 shares during the period. Finally, Strong Tower Advisory Services grew its stake in shares of Global X MLP ETF by 383.6% during the 3rd quarter. Strong Tower Advisory Services now owns 36,420 shares of the company’s stock worth $1,747,000 after purchasing an additional 28,889 shares during the period.

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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