Global X MLP ETF (NYSEARCA:MLPA) Sees Strong Trading Volume – Should You Buy?

Shares of Global X MLP ETF (NYSEARCA:MLPA) saw unusually-strong trading volume on Wednesday. 1,136,670 shares were traded during trading, an increase of 382% from the previous session’s volume of 236,012 shares. The stock last traded at $53.6060 and had previously closed at $54.20.

Global X MLP ETF Stock Down 0.8%

The stock has a market cap of $2.28 billion, a P/E ratio of 14.42 and a beta of 0.49. The company has a 50-day simple moving average of $55.87 and a two-hundred day simple moving average of $54.82.

Institutional Trading of Global X MLP ETF

Several large investors have recently bought and sold shares of the company. Centurion Wealth Management LLC grew its position in shares of Global X MLP ETF by 1.2% in the 2nd quarter. Centurion Wealth Management LLC now owns 24,348 shares of the company’s stock worth $1,292,000 after buying an additional 288 shares during the period. AdvisorNet Financial Inc increased its stake in shares of Global X MLP ETF by 2.3% in the 1st quarter. AdvisorNet Financial Inc now owns 17,509 shares of the company’s stock worth $943,000 after acquiring an additional 395 shares in the last quarter. Barry Investment Advisors LLC lifted its position in Global X MLP ETF by 0.3% during the 1st quarter. Barry Investment Advisors LLC now owns 205,014 shares of the company’s stock valued at $11,044,000 after acquiring an additional 590 shares during the period. LFG Wealth Partners LLC lifted its position in Global X MLP ETF by 2.8% during the 1st quarter. LFG Wealth Partners LLC now owns 22,673 shares of the company’s stock valued at $1,221,000 after acquiring an additional 608 shares during the period. Finally, D.A. Davidson & CO. lifted its position in Global X MLP ETF by 1.8% during the 1st quarter. D.A. Davidson & CO. now owns 36,366 shares of the company’s stock valued at $1,959,000 after acquiring an additional 637 shares during the period.

Global X MLP ETF Company Profile

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.