Global X MLP ETF (NYSEARCA:MLPA) Hits New 52-Week High – Here’s What Happened

Global X MLP ETF (NYSEARCA:MLPA)’s share price hit a new 52-week high on Wednesday . The stock traded as high as $54.12 and last traded at $53.80, with a volume of 209647 shares trading hands. The stock had previously closed at $53.57.

Global X MLP ETF Stock Up 0.4 %

The company has a 50 day simple moving average of $51.01 and a 200-day simple moving average of $49.08. The stock has a market cap of $1.82 billion, a price-to-earnings ratio of 12.27 and a beta of 0.37.

Institutional Investors Weigh In On Global X MLP ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Columbus Macro LLC bought a new stake in Global X MLP ETF during the fourth quarter valued at $12,358,000. Raymond James & Associates grew its position 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 valued at $22,316,000 after buying an additional 129,449 shares during the last quarter. Attessa Capital LLC acquired a new stake in Global X MLP ETF during the fourth quarter worth about $2,504,000. Global Retirement Partners LLC lifted its holdings in Global X MLP ETF by 59.5% in the fourth quarter. Global Retirement Partners LLC now owns 99,379 shares of the company’s stock worth $4,910,000 after acquiring an additional 37,081 shares during the last quarter. Finally, Strong Tower Advisory Services boosted its stake in Global X MLP ETF by 383.6% in the third quarter. Strong Tower Advisory Services now owns 36,420 shares of the company’s stock valued at $1,747,000 after acquiring an additional 28,889 shares during the period.

Global X MLP ETF Company Profile

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.