Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX) Sees Unusually-High Trading Volume – Still a Buy?

Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX) shares saw unusually-high trading volume on Friday . Approximately 475,945 shares traded hands during mid-day trading, an increase of 124% from the previous session’s volume of 212,116 shares.The stock last traded at $60.90 and had previously closed at $60.64.

Global X MLP & Energy Infrastructure ETF Trading Up 0.9 %

The firm has a market capitalization of $1.72 billion, a PE ratio of 18.89 and a beta of 0.54. The stock’s 50 day moving average price is $56.51 and its two-hundred day moving average price is $52.97.

Hedge Funds Weigh In On Global X MLP & Energy Infrastructure ETF

Hedge funds have recently bought and sold shares of the stock. Resurgent Financial Advisors LLC boosted its stake in shares of Global X MLP & Energy Infrastructure ETF by 16.2% during the 1st quarter. Resurgent Financial Advisors LLC now owns 11,744 shares of the company’s stock worth $575,000 after purchasing an additional 1,633 shares during the last quarter. CoreFirst Bank & Trust grew its stake in Global X MLP & Energy Infrastructure ETF by 1.2% in the 1st quarter. CoreFirst Bank & Trust now owns 23,098 shares of the company’s stock worth $1,132,000 after acquiring an additional 265 shares during the period. Atria Investments Inc acquired a new position in Global X MLP & Energy Infrastructure ETF in the 1st quarter valued at $3,988,000. Cetera Investment Advisers purchased a new position in shares of Global X MLP & Energy Infrastructure ETF during the 1st quarter worth $10,155,000. Finally, Cetera Advisors LLC boosted its holdings in shares of Global X MLP & Energy Infrastructure ETF by 125.5% during the first quarter. Cetera Advisors LLC now owns 12,417 shares of the company’s stock worth $608,000 after purchasing an additional 6,910 shares during the last quarter.

Global X MLP & Energy Infrastructure ETF Company Profile

The Global X MLP & Energy Infrastructure ETF (MLPX) is an exchange-traded fund that mostly invests in energy equity. The fund tracks an index of MLPs and companies engaged in energy infrastructure. The ETF is structured as an open-ended fund. MLPX was launched on Aug 7, 2013 and is managed by Global X.