Global X MLP ETF (NYSEARCA:MLPA – Get Free Report)’s share price hit a new 52-week high during trading on Monday . The stock traded as high as $55.77 and last traded at $55.66, with a volume of 51011 shares changing hands. The stock had previously closed at $55.39.
Global X MLP ETF Stock Up 0.8%
The firm has a market capitalization of $2.26 billion, a P/E ratio of 14.42 and a beta of 0.47. The business’s 50-day simple moving average is $54.10 and its 200 day simple moving average is $51.46.
Hedge Funds Weigh In On Global X MLP ETF
Large investors have recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC bought a new position in shares of Global X MLP ETF during the third quarter valued at about $46,000. Turtle Creek Wealth Advisors LLC bought a new position in shares of Global X MLP ETF during the first quarter valued at about $102,000. NBC Securities Inc. grew its stake in shares of Global X MLP ETF by 9.7% in the fourth quarter. NBC Securities Inc. now owns 2,683 shares of the company’s stock worth $130,000 after purchasing an additional 238 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in Global X MLP ETF by 541.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,957 shares of the company’s stock valued at $143,000 after purchasing an additional 2,496 shares during the period. Finally, Newbridge Financial Services Group Inc. grew its position in shares of Global X MLP ETF by 1,461.2% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 3,060 shares of the company’s stock worth $148,000 after buying an additional 2,864 shares during the last quarter.
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.
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