Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX) Reaches New 12-Month High at $54.42

Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX) reached a new 52-week high on Monday . The company traded as high as $54.42 and last traded at $54.42, with a volume of 3101 shares. The stock had previously closed at $54.13.

Global X MLP & Energy Infrastructure ETF Stock Performance

The business has a 50-day moving average of $52.60 and a 200 day moving average of $50.22. The stock has a market cap of $1.53 billion, a PE ratio of 18.89 and a beta of 0.54.

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

A number of institutional investors have recently modified their holdings of MLPX. EverSource Wealth Advisors LLC acquired a new stake in Global X MLP & Energy Infrastructure ETF during the first quarter worth approximately $28,000. Capital Advisors Ltd. LLC grew its position in shares of Global X MLP & Energy Infrastructure ETF by 51.5% in the second quarter. Capital Advisors Ltd. LLC now owns 1,056 shares of the company’s stock valued at $54,000 after purchasing an additional 359 shares during the period. Opal Wealth Advisors LLC acquired a new stake in Global X MLP & Energy Infrastructure ETF in the 2nd quarter worth about $64,000. MCF Advisors LLC purchased a new stake in Global X MLP & Energy Infrastructure ETF in the 2nd quarter valued at about $64,000. Finally, Carolinas Wealth Consulting LLC acquired a new position in shares of Global X MLP & Energy Infrastructure ETF during the 2nd quarter valued at about $67,000.

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.