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

Global X MLP ETF (NYSEARCA:MLPA) shares hit a new 52-week high on Thursday . The stock traded as high as $52.68 and last traded at $52.68, with a volume of 89937 shares. The stock had previously closed at $52.11.

Global X MLP ETF Trading Up 1.2 %

The company has a market capitalization of $1.78 billion, a price-to-earnings ratio of 12.27 and a beta of 0.37. The stock’s fifty day simple moving average is $49.99 and its 200-day simple moving average is $48.71.

Institutional Investors Weigh In On Global X MLP ETF

Large investors have recently bought and sold shares of the stock. Paladin Wealth LLC purchased a new stake in shares of Global X MLP ETF during the third quarter worth approximately $40,000. Brown Financial Advisors acquired a new position in Global X MLP ETF during the 2nd quarter worth approximately $43,000. Capital Advisors Ltd. LLC increased its position in shares of Global X MLP ETF by 94.4% in the 3rd quarter. Capital Advisors Ltd. LLC now owns 1,079 shares of the company’s stock valued at $52,000 after purchasing an additional 524 shares during the last quarter. Hara Capital LLC purchased a new stake in shares of Global X MLP ETF in the 3rd quarter valued at approximately $59,000. Finally, Advisors Asset Management Inc. acquired a new stake in shares of Global X MLP ETF in the 3rd quarter valued at $65,000.

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.