Shares of Global X MLP ETF (NYSEARCA:MLPA – Get Free Report) saw an uptick in trading volume on Wednesday. 1,099,109 shares changed hands during mid-day trading, an increase of 366% from the average daily volume of 235,748 shares. The stock last traded at $52.6860 and had previously closed at $54.28.
Global X MLP ETF Trading Down 2.9%
The stock has a market cap of $2.32 billion, a P/E ratio of 14.42 and a beta of 0.48. The company’s fifty day simple moving average is $55.30 and its 200-day simple moving average is $54.30.
Institutional Trading of Global X MLP ETF
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Madrid Financial Services acquired a new position in shares of Global X MLP ETF during the third quarter worth approximately $25,780,000. Evergreen Capital Management LLC acquired a new stake in shares of Global X MLP ETF in the third quarter valued at approximately $25,760,000. Gradient Investments LLC raised its position in Global X MLP ETF by 3.4% in the 2nd quarter. Gradient Investments LLC now owns 436,144 shares of the company’s stock worth $23,151,000 after purchasing an additional 14,343 shares during the last quarter. Royal Bank of Canada raised its position in Global X MLP ETF by 7.2% in the 1st quarter. Royal Bank of Canada now owns 403,392 shares of the company’s stock worth $21,733,000 after purchasing an additional 26,983 shares during the last quarter. Finally, Cetera Investment Advisers lifted its holdings in Global X MLP ETF by 2.3% during the 1st quarter. Cetera Investment Advisers now owns 321,927 shares of the company’s stock worth $17,342,000 after buying an additional 7,370 shares in 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.
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