Global X MLP ETF (NYSEARCA:MLPA) Sees Unusually-High Trading Volume – Time to Buy?

Shares of Global X MLP ETF (NYSEARCA:MLPA) saw unusually-strong trading volume on Monday . Approximately 237,643 shares were traded during trading, an increase of 64% from the previous session’s volume of 144,986 shares.The stock last traded at $53.52 and had previously closed at $52.97.

Global X MLP ETF Price Performance

The stock has a market cap of $1.84 billion, a PE ratio of 12.27 and a beta of 0.37. The stock has a 50-day moving average price of $51.07 and a two-hundred day moving average price of $49.11.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Wiser Advisor Group LLC grew its position in Global X MLP ETF by 5.8% in the fourth quarter. Wiser Advisor Group LLC now owns 13,408 shares of the company’s stock worth $662,000 after acquiring an additional 739 shares in the last quarter. LGL Partners LLC grew its position in Global X MLP ETF by 1.9% in the fourth quarter. LGL Partners LLC now owns 16,276 shares of the company’s stock worth $804,000 after acquiring an additional 302 shares in the last quarter. Capital Advisors Ltd. LLC grew its position in Global X MLP ETF by 54.4% in the fourth quarter. Capital Advisors Ltd. LLC now owns 1,666 shares of the company’s stock worth $82,000 after acquiring an additional 587 shares in the last quarter. MONECO Advisors LLC grew its position in Global X MLP ETF by 3.9% in the fourth quarter. MONECO Advisors LLC now owns 7,535 shares of the company’s stock worth $372,000 after acquiring an additional 280 shares in the last quarter. Finally, Global Retirement Partners LLC grew its position in Global X MLP ETF by 59.5% in the fourth quarter. Global Retirement Partners LLC now owns 99,379 shares of the company’s stock worth $4,910,000 after acquiring an additional 37,081 shares in the last quarter.

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.