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

Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX) reached a new 52-week high on Tuesday . The company traded as high as $57.83 and last traded at $57.75, with a volume of 29328 shares trading hands. The stock had previously closed at $56.96.

Global X MLP & Energy Infrastructure ETF Stock Performance

The company has a 50-day moving average of $55.31 and a 200 day moving average of $52.31. The firm has a market cap of $1.64 billion, a P/E ratio of 18.89 and a beta of 0.54.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC raised its position in Global X MLP & Energy Infrastructure ETF by 17.3% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 34,366 shares of the company’s stock valued at $1,754,000 after purchasing an additional 5,075 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in shares of Global X MLP & Energy Infrastructure ETF by 86.3% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 96,289 shares of the company’s stock valued at $4,916,000 after buying an additional 44,616 shares in the last quarter. Sanctuary Advisors LLC bought a new position in shares of Global X MLP & Energy Infrastructure ETF in the second quarter valued at about $209,000. Evergreen Capital Management LLC acquired a new position in Global X MLP & Energy Infrastructure ETF during the 2nd quarter worth about $22,083,000. Finally, &PARTNERS grew its holdings in Global X MLP & Energy Infrastructure ETF by 43.1% during the 2nd quarter. &PARTNERS now owns 22,430 shares of the company’s stock worth $1,145,000 after acquiring an additional 6,752 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.