Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX) Sees Unusually-High Trading Volume – Here’s What Happened

Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX) saw strong trading volume on Wednesday . 754,860 shares traded hands during trading, an increase of 110% from the previous session’s volume of 359,207 shares.The stock last traded at $71.99 and had previously closed at $71.46.

Global X MLP & Energy Infrastructure ETF Stock Up 0.6%

The firm has a 50-day moving average of $66.50 and a two-hundred day moving average of $62.48. The stock has a market capitalization of $3.14 billion, a price-to-earnings ratio of 19.10 and a beta of 0.79.

Global X MLP & Energy Infrastructure ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 12th. Stockholders of record on Monday, February 9th were issued a $0.74 dividend. The ex-dividend date was Monday, February 9th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 4.1%. This is a positive change from Global X MLP & Energy Infrastructure ETF’s previous quarterly dividend of $0.08.

Institutional Trading of Global X MLP & Energy Infrastructure ETF

Several institutional investors have recently made changes to their positions in the stock. Midwest Professional Planners LTD. increased its stake in Global X MLP & Energy Infrastructure ETF by 0.8% in the 3rd quarter. Midwest Professional Planners LTD. now owns 23,752 shares of the company’s stock valued at $1,489,000 after buying an additional 180 shares during the period. First Heartland Consultants Inc. grew its stake in Global X MLP & Energy Infrastructure ETF by 5.7% in the third quarter. First Heartland Consultants Inc. now owns 3,384 shares of the company’s stock valued at $212,000 after purchasing an additional 181 shares in the last quarter. Advisory Services Network LLC increased its position in Global X MLP & Energy Infrastructure ETF by 0.7% in the 2nd quarter. Advisory Services Network LLC now owns 28,092 shares of the company’s stock worth $1,747,000 after purchasing an additional 184 shares during the last quarter. Fielder Capital Group LLC increased its position in Global X MLP & Energy Infrastructure ETF by 1.4% in the 4th quarter. Fielder Capital Group LLC now owns 13,284 shares of the company’s stock worth $804,000 after purchasing an additional 188 shares during the last quarter. Finally, Wealthspan Partners LLC raised its stake in shares of Global X MLP & Energy Infrastructure ETF by 1.0% during the 4th quarter. Wealthspan Partners LLC now owns 18,533 shares of the company’s stock worth $1,122,000 after purchasing an additional 189 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.