Global X MLP ETF (NYSEARCA:MLPA) Hits New 52-Week High at $49.32

Global X MLP ETF (NYSEARCA:MLPA) reached a new 52-week high during trading on Monday . The company traded as high as $49.32 and last traded at $49.28, with a volume of 56529 shares. The stock had previously closed at $48.95.

Global X MLP ETF Stock Performance

The company has a market capitalization of $1.68 billion, a P/E ratio of 12.27 and a beta of 0.37. The stock has a 50 day moving average price of $47.67 and a 200 day moving average price of $47.01.

Institutional Investors Weigh In On Global X MLP ETF

A number of hedge funds have recently made changes to their positions in the business. Simplex Trading LLC increased its holdings in Global X MLP ETF by 81.5% in the 4th quarter. Simplex Trading LLC now owns 915 shares of the company’s stock worth $40,000 after acquiring an additional 411 shares during the last quarter. Heritage Wealth Advisors purchased a new stake in Global X MLP ETF in the 4th quarter worth about $52,000. Park Place Capital Corp purchased a new stake in Global X MLP ETF in the 1st quarter worth about $53,000. Montag A & Associates Inc. purchased a new stake in Global X MLP ETF in the 4th quarter worth about $55,000. Finally, Principal Securities Inc. purchased a new position in Global X MLP ETF during the 4th quarter valued at about $97,000.

About Global X MLP ETF

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.