Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX) Sets New 12-Month High – What’s Next?

Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX) shares reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $64.92 and last traded at $64.87, with a volume of 33257 shares changing hands. The stock had previously closed at $64.27.

Global X MLP & Energy Infrastructure ETF Stock Performance

The stock has a market cap of $1.82 billion, a price-to-earnings ratio of 18.89 and a beta of 0.54. The company’s 50 day simple moving average is $61.55 and its two-hundred day simple moving average is $56.61.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of MLPX. Evergreen Capital Management LLC acquired a new position in Global X MLP & Energy Infrastructure ETF during the second quarter valued at approximately $22,083,000. Envestnet Asset Management Inc. boosted its holdings in shares of Global X MLP & Energy Infrastructure ETF by 25.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 413,623 shares of the company’s stock worth $21,115,000 after buying an additional 82,703 shares during the period. Annandale Capital LLC grew its stake in Global X MLP & Energy Infrastructure ETF by 4.1% in the 2nd quarter. Annandale Capital LLC now owns 302,549 shares of the company’s stock valued at $15,445,000 after buying an additional 11,879 shares during the last quarter. Cetera Investment Advisers raised its holdings in Global X MLP & Energy Infrastructure ETF by 8.2% in the 2nd quarter. Cetera Investment Advisers now owns 224,248 shares of the company’s stock worth $11,448,000 after acquiring an additional 16,951 shares during the period. Finally, Stifel Financial Corp lifted its position in Global X MLP & Energy Infrastructure ETF by 1.2% during the 3rd quarter. Stifel Financial Corp now owns 222,640 shares of the company’s stock worth $12,118,000 after acquiring an additional 2,725 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.