Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX) Hits New 12-Month High – Still a Buy?

Shares of Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX) hit a new 52-week high during trading on Wednesday . The stock traded as high as $64.92 and last traded at $64.87, with a volume of 33257 shares changing hands. The stock had previously closed at $64.27.

Global X MLP & Energy Infrastructure ETF Stock Up 1.7 %

The business’s 50-day moving average is $61.75 and its two-hundred day moving average is $56.73. The company has a market capitalization of $1.85 billion, a P/E ratio of 18.89 and a beta of 0.54.

Hedge Funds Weigh In On Global X MLP & Energy Infrastructure ETF

Institutional investors have recently modified their holdings of the business. Envestnet Asset Management Inc. boosted its holdings in shares of Global X MLP & Energy Infrastructure ETF by 25.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 413,623 shares of the company’s stock worth $21,115,000 after buying an additional 82,703 shares during the last quarter. Blair William & Co. IL boosted its stake in Global X MLP & Energy Infrastructure ETF by 34.7% in the second quarter. Blair William & Co. IL now owns 3,880 shares of the company’s stock valued at $198,000 after acquiring an additional 1,000 shares during the last quarter. Carolinas Wealth Consulting LLC bought a new position in shares of Global X MLP & Energy Infrastructure ETF during the 2nd quarter valued at approximately $67,000. Steel Grove Capital Advisors LLC increased its stake in shares of Global X MLP & Energy Infrastructure ETF by 44.0% during the 2nd quarter. Steel Grove Capital Advisors LLC now owns 7,251 shares of the company’s stock worth $370,000 after purchasing an additional 2,214 shares during the last quarter. Finally, Evergreen Capital Management LLC bought a new stake in shares of Global X MLP & Energy Infrastructure ETF in the 2nd quarter worth approximately $22,083,000.

Global X MLP & Energy Infrastructure ETF Company Profile

The Global X MLP & Energy Infrastructure ETF (MLPX) is an exchange-traded fund that mostly invests in energy equity. The fund tracks an index of MLPs and companies engaged in energy infrastructure. The ETF is structured as an open-ended fund. MLPX was launched on Aug 7, 2013 and is managed by Global X.