Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX) Sees Large Volume Increase – What’s Next?

Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX) shares saw strong trading volume on Wednesday . 592,820 shares traded hands during trading, an increase of 187% from the previous session’s volume of 206,361 shares.The stock last traded at $59.88 and had previously closed at $58.25.

Global X MLP & Energy Infrastructure ETF Stock Up 3.2 %

The company has a market capitalization of $1.69 billion, a price-to-earnings ratio of 18.89 and a beta of 0.54. The company has a 50 day simple moving average of $55.55 and a 200 day simple moving average of $52.43.

Institutional Investors Weigh In On Global X MLP & Energy Infrastructure ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in MLPX. Great Diamond Partners LLC boosted its position in shares of Global X MLP & Energy Infrastructure ETF by 0.7% in the first quarter. Great Diamond Partners LLC now owns 36,487 shares of the company’s stock worth $1,787,000 after buying an additional 265 shares during the period. CoreFirst Bank & Trust boosted its position in shares of Global X MLP & Energy Infrastructure ETF by 1.2% in the first quarter. CoreFirst Bank & Trust now owns 23,098 shares of the company’s stock worth $1,132,000 after buying an additional 265 shares during the period. HBW Advisory Services LLC boosted its position in shares of Global X MLP & Energy Infrastructure ETF by 2.7% in the third quarter. HBW Advisory Services LLC now owns 10,146 shares of the company’s stock worth $552,000 after buying an additional 271 shares during the period. Atria Wealth Solutions Inc. boosted its position in shares of Global X MLP & Energy Infrastructure ETF by 0.5% in the second quarter. Atria Wealth Solutions Inc. now owns 61,304 shares of the company’s stock worth $3,130,000 after buying an additional 320 shares during the period. Finally, Capital Advisors Ltd. LLC boosted its position in shares of Global X MLP & Energy Infrastructure ETF by 51.5% in the second quarter. Capital Advisors Ltd. LLC now owns 1,056 shares of the company’s stock worth $54,000 after buying an additional 359 shares during the period.

About Global X MLP & Energy Infrastructure ETF

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.