Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX) Sees Large Volume Increase

Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX) shares saw strong trading volume on Friday . 138,992 shares changed hands during trading, an increase of 46% from the previous session’s volume of 94,934 shares.The stock last traded at $48.33 and had previously closed at $47.51.

Global X MLP & Energy Infrastructure ETF Stock Performance

The business’s 50 day simple moving average is $46.95 and its 200-day simple moving average is $44.89. The company has a market cap of $1.08 billion, a price-to-earnings ratio of 18.64 and a beta of 0.58.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of MLPX. Aspen Wealth Strategies LLC boosted its position in shares of Global X MLP & Energy Infrastructure ETF by 7.5% during the 4th quarter. Aspen Wealth Strategies LLC now owns 5,630 shares of the company’s stock valued at $251,000 after acquiring an additional 392 shares in the last quarter. SeaCrest Wealth Management LLC boosted its position in shares of Global X MLP & Energy Infrastructure ETF by 2.3% during the 4th quarter. SeaCrest Wealth Management LLC now owns 49,584 shares of the company’s stock valued at $2,229,000 after acquiring an additional 1,096 shares in the last quarter. NTV Asset Management LLC boosted its position in shares of Global X MLP & Energy Infrastructure ETF by 2.3% during the 3rd quarter. NTV Asset Management LLC now owns 22,550 shares of the company’s stock valued at $956,000 after acquiring an additional 500 shares in the last quarter. Stifel Financial Corp boosted its position in shares of Global X MLP & Energy Infrastructure ETF by 24.5% during the 3rd quarter. Stifel Financial Corp now owns 82,697 shares of the company’s stock valued at $3,505,000 after acquiring an additional 16,279 shares in the last quarter. Finally, Stratos Wealth Partners LTD. boosted its position in shares of Global X MLP & Energy Infrastructure ETF by 27.6% during the 4th quarter. Stratos Wealth Partners LTD. now owns 9,669 shares of the company’s stock valued at $431,000 after acquiring an additional 2,093 shares in the last quarter.

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.