Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s What Happened

Shares of Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX) passed below its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of $72.79 and traded as low as $71.10. Global X MLP & Energy Infrastructure ETF shares last traded at $71.49, with a volume of 939,786 shares traded.

Global X MLP & Energy Infrastructure ETF Price Performance

The stock’s 50 day simple moving average is $73.37 and its two-hundred day simple moving average is $72.87. The stock has a market capitalization of $3.42 billion, a PE ratio of 19.10 and a beta of 0.61.

Hedge Funds Weigh In On Global X MLP & Energy Infrastructure ETF

Several institutional investors and hedge funds have recently bought and sold shares of MLPX. Flagship Harbor Advisors LLC raised its stake in Global X MLP & Energy Infrastructure ETF by 1.2% in the third quarter. Flagship Harbor Advisors LLC now owns 18,603 shares of the company’s stock worth $1,299,000 after buying an additional 213 shares in the last quarter. Ashton Thomas Private Wealth LLC boosted its position in Global X MLP & Energy Infrastructure ETF by 5.4% during the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 4,277 shares of the company’s stock valued at $299,000 after acquiring an additional 221 shares in the last quarter. Firestone Capital Management boosted its position in Global X MLP & Energy Infrastructure ETF by 3.2% during the 2nd quarter. Firestone Capital Management now owns 7,823 shares of the company’s stock valued at $576,000 after acquiring an additional 245 shares in the last quarter. First Heartland Consultants Inc. boosted its position in Global X MLP & Energy Infrastructure ETF by 9.2% during the 2nd quarter. First Heartland Consultants Inc. now owns 3,961 shares of the company’s stock valued at $292,000 after acquiring an additional 335 shares in the last quarter. Finally, Fifth Third Securities Inc. boosted its position in Global X MLP & Energy Infrastructure ETF by 1.4% during the 3rd quarter. Fifth Third Securities Inc. now owns 27,376 shares of the company’s stock valued at $1,911,000 after acquiring an additional 384 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.