Global X MLP ETF (NYSEARCA:MLPA) Sees Large Volume Increase – Here’s Why

Global X MLP ETF (NYSEARCA:MLPA) shares saw unusually-high trading volume on Wednesday. 1,099,109 shares changed hands during trading, an increase of 366% from the average daily volume of 235,748 shares. The stock last traded at $52.6860 and had previously closed at $54.28.

Global X MLP ETF Stock Down 2.9%

The firm has a fifty day moving average of $55.30 and a 200-day moving average of $54.30. The firm has a market cap of $2.32 billion, a P/E ratio of 14.42 and a beta of 0.48.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in MLPA. Parallel Advisors LLC bought a new stake in shares of Global X MLP ETF during the third quarter worth approximately $26,000. Foresight Capital Management Advisors Inc. acquired a new position in Global X MLP ETF in the third quarter valued at approximately $31,000. Triumph Capital Management bought a new position in Global X MLP ETF in the third quarter valued at approximately $33,000. Flagship Wealth Advisors LLC bought a new position in Global X MLP ETF in the third quarter valued at approximately $39,000. Finally, Pinnacle Wealth Planning Services Inc. bought a new position in Global X MLP ETF in the third quarter valued at approximately $41,000.

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.