Global X MLP ETF (NYSEARCA:MLPA) Reaches New 1-Year High – Should You Buy?

Global X MLP ETF (NYSEARCA:MLPA)’s stock price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $54.05 and last traded at $53.61, with a volume of 246542 shares traded. The stock had previously closed at $52.85.

Global X MLP ETF Trading Up 1.4 %

The stock’s fifty day moving average price is $50.84 and its two-hundred day moving average price is $49.00. The stock has a market capitalization of $1.81 billion, a P/E ratio of 12.27 and a beta of 0.37.

Hedge Funds Weigh In On Global X MLP ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Paladin Wealth LLC purchased a new position in shares of Global X MLP ETF during the third quarter valued at approximately $40,000. Brown Financial Advisors purchased a new position in shares of Global X MLP ETF in the second quarter worth $43,000. Capital Advisors Ltd. LLC lifted its holdings in shares of Global X MLP ETF by 94.4% during the third quarter. Capital Advisors Ltd. LLC now owns 1,079 shares of the company’s stock valued at $52,000 after purchasing an additional 524 shares in the last quarter. Hara Capital LLC purchased a new stake in shares of Global X MLP ETF during the third quarter valued at $59,000. Finally, Heck Capital Advisors LLC purchased a new position in Global X MLP ETF in the 4th quarter worth about $61,000.

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.