Shares of Global X MLP ETF (NYSEARCA:MLPA – Get Free Report) saw an uptick in trading volume on Wednesday . 88,096 shares were traded during trading, an increase of 28% from the previous session’s volume of 68,829 shares.The stock last traded at $50.26 and had previously closed at $49.83.
Global X MLP ETF Stock Performance
The business has a 50-day moving average price of $49.73 and a 200-day moving average price of $48.63. The firm has a market cap of $1.70 billion, a P/E ratio of 12.27 and a beta of 0.37.
Hedge Funds Weigh In On Global X MLP ETF
A number of hedge funds and other institutional investors have recently made changes to their positions in MLPA. Evergreen Capital Management LLC bought a new stake in Global X MLP ETF during the second quarter valued at about $23,028,000. Raymond James & Associates boosted its position in Global X MLP ETF by 38.6% during the third quarter. Raymond James & Associates now owns 465,116 shares of the company’s stock valued at $22,316,000 after purchasing an additional 129,449 shares in the last quarter. Strong Tower Advisory Services boosted its position in Global X MLP ETF by 383.6% during the third quarter. Strong Tower Advisory Services now owns 36,420 shares of the company’s stock valued at $1,747,000 after purchasing an additional 28,889 shares in the last quarter. Blair William & Co. IL boosted its holdings in Global X MLP ETF by 735.0% in the second quarter. Blair William & Co. IL now owns 29,057 shares of the company’s stock worth $1,409,000 after acquiring an additional 25,577 shares in the last quarter. Finally, NewEdge Advisors LLC boosted its holdings in Global X MLP ETF by 53.6% in the second quarter. NewEdge Advisors LLC now owns 65,044 shares of the company’s stock worth $3,155,000 after acquiring an additional 22,701 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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