Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX) Sets New 12-Month High – Still a Buy?

Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $66.08 and last traded at $65.3580, with a volume of 94784 shares. The stock had previously closed at $64.95.

Global X MLP & Energy Infrastructure ETF Stock Performance

The firm has a fifty day moving average price of $61.06 and a 200 day moving average price of $60.71. The stock has a market cap of $2.85 billion, a PE ratio of 19.10 and a beta of 0.79.

Institutional Investors Weigh In On Global X MLP & Energy Infrastructure ETF

Institutional investors have recently added to or reduced their stakes in the business. Midwest Professional Planners LTD. increased its holdings in shares of Global X MLP & Energy Infrastructure ETF by 0.8% during the third quarter. Midwest Professional Planners LTD. now owns 23,752 shares of the company’s stock valued at $1,489,000 after acquiring an additional 180 shares in the last quarter. First Heartland Consultants Inc. grew its position in Global X MLP & Energy Infrastructure ETF by 5.7% during the 3rd quarter. First Heartland Consultants Inc. now owns 3,384 shares of the company’s stock worth $212,000 after purchasing an additional 181 shares during the last quarter. Advisory Services Network LLC increased its stake in Global X MLP & Energy Infrastructure ETF by 0.7% during the 2nd quarter. Advisory Services Network LLC now owns 28,092 shares of the company’s stock valued at $1,747,000 after purchasing an additional 184 shares in the last quarter. MGO Private Wealth LLC increased its stake in Global X MLP & Energy Infrastructure ETF by 1.0% during the 2nd quarter. MGO Private Wealth LLC now owns 18,537 shares of the company’s stock valued at $1,161,000 after purchasing an additional 187 shares in the last quarter. Finally, IFP Advisors Inc raised its holdings in shares of Global X MLP & Energy Infrastructure ETF by 35.5% in the second quarter. IFP Advisors Inc now owns 722 shares of the company’s stock worth $45,000 after buying an additional 189 shares during the last quarter.

About Global X MLP & Energy Infrastructure ETF

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.