Global X MLP ETF (NYSEARCA:MLPA) Reaches New 12-Month High – Here’s Why

Global X MLP ETF (NYSEARCA:MLPA)’s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as $54.12 and last traded at $53.80, with a volume of 209647 shares trading hands. The stock had previously closed at $53.57.

Global X MLP ETF Stock Down 1.4 %

The firm has a market cap of $1.82 billion, a price-to-earnings ratio of 12.27 and a beta of 0.37. The firm has a 50 day moving average of $51.13 and a 200 day moving average of $49.15.

Institutional Trading of Global X MLP ETF

Several large investors have recently modified their holdings of the stock. Raymond James Financial Inc. bought a new position in Global X MLP ETF in the fourth quarter worth approximately $33,846,000. Raymond James & Associates lifted its holdings in shares of Global X MLP ETF by 38.6% in the 3rd quarter. Raymond James & Associates now owns 465,116 shares of the company’s stock worth $22,316,000 after purchasing an additional 129,449 shares in the last quarter. Rockefeller Capital Management L.P. grew its position in Global X MLP ETF by 0.3% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 319,424 shares of the company’s stock valued at $15,326,000 after purchasing an additional 844 shares during the period. Columbus Macro LLC bought a new stake in Global X MLP ETF during the 4th quarter valued at $12,358,000. Finally, Advisors Management Group Inc. ADV increased its stake in Global X MLP ETF by 4.4% during the 4th quarter. Advisors Management Group Inc. ADV now owns 244,814 shares of the company’s stock valued at $12,096,000 after purchasing an additional 10,355 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.