Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX) Sees Strong Trading Volume – Here’s What Happened

Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX) saw an uptick in trading volume on Tuesday . 748,981 shares traded hands during mid-day trading, an increase of 83% from the previous session’s volume of 409,317 shares.The stock last traded at $61.75 and had previously closed at $61.69.

Global X MLP & Energy Infrastructure ETF Stock Performance

The business’s fifty day moving average price is $61.08 and its two-hundred day moving average price is $56.23. The stock has a market capitalization of $1.76 billion, a P/E ratio of 18.89 and a beta of 0.54.

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

Institutional investors have recently modified their holdings of the stock. Envestnet Asset Management Inc. boosted its position in shares of Global X MLP & Energy Infrastructure ETF by 25.0% during the second quarter. Envestnet Asset Management Inc. now owns 413,623 shares of the company’s stock valued at $21,115,000 after buying an additional 82,703 shares during the period. Menlo Advisors LLC purchased a new position in Global X MLP & Energy Infrastructure ETF during the 2nd quarter valued at $296,000. Blair William & Co. IL grew its position in Global X MLP & Energy Infrastructure ETF by 34.7% in the 2nd quarter. Blair William & Co. IL now owns 3,880 shares of the company’s stock valued at $198,000 after acquiring an additional 1,000 shares during the last quarter. Carolinas Wealth Consulting LLC purchased a new stake in Global X MLP & Energy Infrastructure ETF in the second quarter worth $67,000. Finally, Steel Grove Capital Advisors LLC lifted its position in shares of Global X MLP & Energy Infrastructure ETF by 44.0% during the second quarter. Steel Grove Capital Advisors LLC now owns 7,251 shares of the company’s stock worth $370,000 after purchasing an additional 2,214 shares during the last quarter.

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.