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

Global X MLP ETF (NYSEARCA:MLPA) shares saw unusually-strong trading volume on Monday . Approximately 357,605 shares were traded during mid-day trading, an increase of 195% from the previous session’s volume of 121,323 shares.The stock last traded at $49.03 and had previously closed at $48.88.

Global X MLP ETF Price Performance

The firm has a 50-day simple moving average of $48.04 and a 200 day simple moving average of $47.83. The company has a market capitalization of $1.67 billion, a PE ratio of 12.27 and a beta of 0.37.

Institutional Trading of Global X MLP ETF

A number of hedge funds have recently made changes to their positions in the company. Cetera Investment Advisers boosted its stake in Global X MLP ETF by 44.0% during the 1st quarter. Cetera Investment Advisers now owns 295,725 shares of the company’s stock valued at $14,260,000 after acquiring an additional 90,297 shares during the last quarter. Pekin Hardy Strauss Inc. increased its holdings in shares of Global X MLP ETF by 9.9% in the 2nd quarter. Pekin Hardy Strauss Inc. now owns 59,212 shares of the company’s stock valued at $2,872,000 after acquiring an additional 5,325 shares during the last quarter. Evergreen Capital Management LLC bought a new position in Global X MLP ETF during the second quarter worth $23,028,000. Strong Tower Advisory Services lifted its stake in Global X MLP ETF by 383.6% during the third quarter. Strong Tower Advisory Services now owns 36,420 shares of the company’s stock worth $1,747,000 after purchasing an additional 28,889 shares during the last quarter. Finally, Financial Advocates Investment Management boosted its holdings in Global X MLP ETF by 4.1% in the second quarter. Financial Advocates Investment Management now owns 17,027 shares of the company’s stock worth $826,000 after purchasing an additional 673 shares during the period.

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.