Global X MLP ETF (NYSEARCA:MLPA) Sees Unusually-High Trading Volume – Time to Buy?

Shares of Global X MLP ETF (NYSEARCA:MLPA) saw unusually-high trading volume on Monday . Approximately 237,643 shares changed hands during trading, an increase of 64% from the previous session’s volume of 144,986 shares.The stock last traded at $53.52 and had previously closed at $52.97.

Global X MLP ETF Trading Up 1.4 %

The firm has a market capitalization of $1.84 billion, a P/E ratio of 12.27 and a beta of 0.37. The business’s 50 day simple moving average is $51.07 and its two-hundred day simple moving average is $49.11.

Institutional Trading of Global X MLP ETF

A number of large investors have recently made changes to their positions in the stock. Paladin Wealth LLC bought a new stake in Global X MLP ETF during the third quarter valued at approximately $40,000. Capital Advisors Ltd. LLC grew its position in Global X MLP ETF by 94.4% during the third quarter. Capital Advisors Ltd. LLC now owns 1,079 shares of the company’s stock valued at $52,000 after buying an additional 524 shares during the period. Hara Capital LLC bought a new stake in Global X MLP ETF during the third quarter valued at approximately $59,000. Heck Capital Advisors LLC bought a new stake in Global X MLP ETF during the fourth quarter valued at approximately $61,000. Finally, Advisors Asset Management Inc. bought a new stake in Global X MLP ETF during the third quarter valued at approximately $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.