Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX) Sees Unusually-High Trading Volume – What’s Next?

Shares of Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX) saw unusually-high trading volume on Friday . Approximately 873,882 shares traded hands during mid-day trading, an increase of 268% from the previous session’s volume of 237,359 shares.The stock last traded at $59.83 and had previously closed at $60.16.

Global X MLP & Energy Infrastructure ETF Trading Down 0.3 %

The firm has a market cap of $1.69 billion, a P/E ratio of 18.89 and a beta of 0.54. The company’s 50 day simple moving average is $60.33 and its 200-day simple moving average is $55.47.

Institutional Investors Weigh In On Global X MLP & Energy Infrastructure ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Resurgent Financial Advisors LLC raised its stake in Global X MLP & Energy Infrastructure ETF by 1.1% during the 3rd quarter. Resurgent Financial Advisors LLC now owns 15,744 shares of the company’s stock valued at $857,000 after purchasing an additional 168 shares during the period. Rockefeller Capital Management L.P. boosted its position in shares of Global X MLP & Energy Infrastructure ETF by 1.5% during the third quarter. Rockefeller Capital Management L.P. now owns 14,121 shares of the company’s stock worth $769,000 after acquiring an additional 202 shares during the last quarter. HBW Advisory Services LLC grew its stake in Global X MLP & Energy Infrastructure ETF by 2.7% during the third quarter. HBW Advisory Services LLC now owns 10,146 shares of the company’s stock valued at $552,000 after acquiring an additional 271 shares in the last quarter. FMR LLC increased its holdings in Global X MLP & Energy Infrastructure ETF by 8.5% in the 3rd quarter. FMR LLC now owns 3,676 shares of the company’s stock valued at $200,000 after acquiring an additional 288 shares during the last quarter. Finally, Prospera Financial Services Inc lifted its stake in Global X MLP & Energy Infrastructure ETF by 1.2% in the 3rd quarter. Prospera Financial Services Inc now owns 33,271 shares of the company’s stock worth $1,812,000 after purchasing an additional 386 shares in 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.