Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX) Sees Strong Trading Volume – Still a Buy?

Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPXGet Free Report) shares saw an uptick in trading volume on Tuesday . 748,981 shares traded hands during mid-day trading, an increase of 83% from the previous session’s volume of 409,317 shares.The stock last traded at $61.75 and had previously closed at $61.69.

Global X MLP & Energy Infrastructure ETF Trading Up 0.1 %

The firm’s fifty day moving average price is $60.87 and its two-hundred day moving average price is $56.11. The stock has a market capitalization of $1.74 billion, a PE ratio of 18.89 and a beta of 0.54.

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

Institutional investors and hedge funds have recently modified their holdings of the company. Hara Capital LLC purchased a new position in shares of Global X MLP & Energy Infrastructure ETF during the third quarter worth approximately $33,000. Assetmark Inc. purchased a new position in shares of Global X MLP & Energy Infrastructure ETF during the third quarter worth about $42,000. Adirondack Trust Co. purchased a new position in shares of Global X MLP & Energy Infrastructure ETF during the third quarter worth about $55,000. Sunbelt Securities Inc. raised its stake in shares of Global X MLP & Energy Infrastructure ETF by 276.3% during the third quarter. Sunbelt Securities Inc. now owns 1,129 shares of the company’s stock worth $61,000 after purchasing an additional 829 shares during the last quarter. Finally, Advisors Asset Management Inc. purchased a new position in Global X MLP & Energy Infrastructure ETF during the 3rd quarter worth $65,000.

About Global X MLP & Energy Infrastructure ETF

(Get Free Report)

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.

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