Global X MLP ETF (NYSEARCA:MLPA) Reaches New 12-Month High – Should You Buy?

Global X MLP ETF (NYSEARCA:MLPA) hit a new 52-week high on Wednesday . The stock traded as high as $54.12 and last traded at $53.80, with a volume of 209647 shares traded. The stock had previously closed at $53.57.

Global X MLP ETF Stock Up 0.4 %

The company has a market capitalization of $1.82 billion, a P/E ratio of 12.27 and a beta of 0.37. The business has a 50 day simple moving average of $51.01 and a 200-day simple moving average of $49.08.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Raymond James & Associates increased its stake in shares of Global X MLP ETF by 38.6% in the third quarter. Raymond James & Associates now owns 465,116 shares of the company’s stock valued at $22,316,000 after purchasing an additional 129,449 shares during the period. Rockefeller Capital Management L.P. increased its position in Global X MLP ETF by 0.3% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 319,424 shares of the company’s stock valued at $15,326,000 after acquiring an additional 844 shares during the period. Columbus Macro LLC acquired a new stake in Global X MLP ETF in the 4th quarter valued at approximately $12,358,000. Advisors Management Group Inc. ADV raised its stake in Global X MLP ETF by 4.4% during the 4th quarter. Advisors Management Group Inc. ADV now owns 244,814 shares of the company’s stock valued at $12,096,000 after acquiring an additional 10,355 shares in the last quarter. Finally, Tectonic Advisors LLC boosted its position in Global X MLP ETF by 9.3% during the 3rd quarter. Tectonic Advisors LLC now owns 231,423 shares of the company’s stock worth $11,104,000 after acquiring an additional 19,700 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.