Global X MLP ETF (NYSEARCA:MLPA) Sees Strong Trading Volume – Here’s Why

Global X MLP ETF (NYSEARCA:MLPA) shares saw unusually-high trading volume on Monday . Approximately 365,071 shares changed hands during trading, an increase of 102% from the previous session’s volume of 180,825 shares.The stock last traded at $48.4950 and had previously closed at $48.60.

Global X MLP ETF Price Performance

The stock has a 50-day moving average price of $48.25 and a 200-day moving average price of $49.35. The company has a market capitalization of $1.80 billion, a price-to-earnings ratio of 14.42 and a beta of 0.64.

Hedge Funds Weigh In On Global X MLP ETF

Several large investors have recently modified their holdings of MLPA. WCG Wealth Advisors LLC boosted its holdings in shares of Global X MLP ETF by 1.9% during the 3rd quarter. WCG Wealth Advisors LLC now owns 11,232 shares of the company’s stock worth $544,000 after buying an additional 212 shares during the period. Friedenthal Financial lifted its position in Global X MLP ETF by 2.3% during the third quarter. Friedenthal Financial now owns 11,600 shares of the company’s stock worth $562,000 after acquiring an additional 262 shares during the last quarter. Endowment Wealth Management Inc. boosted its holdings in shares of Global X MLP ETF by 2.7% during the first quarter. Endowment Wealth Management Inc. now owns 10,844 shares of the company’s stock worth $577,000 after acquiring an additional 287 shares during the period. LGL Partners LLC grew its position in shares of Global X MLP ETF by 1.8% in the first quarter. LGL Partners LLC now owns 16,566 shares of the company’s stock valued at $882,000 after purchasing an additional 290 shares during the last quarter. Finally, MGB Wealth Management LLC grew its position in shares of Global X MLP ETF by 22.6% in the first quarter. MGB Wealth Management LLC now owns 1,630 shares of the company’s stock valued at $87,000 after purchasing an additional 300 shares during the last quarter.

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.