Global X MLP ETF (NYSEARCA:MLPA) Hits New 1-Year High – Here’s What Happened

Global X MLP ETF (NYSEARCA:MLPA) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $53.88 and last traded at $53.47, with a volume of 244350 shares. The stock had previously closed at $52.95.

Global X MLP ETF Stock Performance

The company has a 50-day moving average of $50.47 and a 200-day moving average of $48.86. The stock has a market cap of $1.79 billion, a price-to-earnings ratio of 12.27 and a beta of 0.37.

Institutional Investors Weigh In On Global X MLP ETF

Several large investors have recently modified their holdings of the stock. Heck Capital Advisors LLC purchased a new position in Global X MLP ETF in the 4th quarter valued at $61,000. Sonora Investment Management Group LLC boosted its holdings in shares of Global X MLP ETF by 26.5% in the fourth quarter. Sonora Investment Management Group LLC now owns 81,479 shares of the company’s stock valued at $4,026,000 after acquiring an additional 17,090 shares in the last quarter. Barry Investment Advisors LLC increased its stake in shares of Global X MLP ETF by 5.1% during the fourth quarter. Barry Investment Advisors LLC now owns 175,061 shares of the company’s stock worth $8,650,000 after acquiring an additional 8,485 shares during the period. Clarendon Private LLC purchased a new position in Global X MLP ETF during the fourth quarter worth about $259,000. Finally, RFG Advisory LLC lifted its position in Global X MLP ETF by 1.0% in the fourth quarter. RFG Advisory LLC now owns 158,213 shares of the company’s stock valued at $7,817,000 after purchasing an additional 1,545 shares during the period.

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.