Global X MLP ETF (NYSEARCA:MLPA) Reaches New 52-Week High – What’s Next?

Global X MLP ETF (NYSEARCA:MLPA) shares hit a new 52-week high on Wednesday . The company traded as high as $57.00 and last traded at $57.00, with a volume of 144 shares. The stock had previously closed at $56.37.

Global X MLP ETF Stock Performance

The stock’s 50 day moving average price is $54.23 and its 200-day moving average price is $53.71. The company has a market cap of $2.27 billion, a PE ratio of 14.42 and a beta of 0.45.

Institutional Trading of Global X MLP ETF

Several institutional investors have recently added to or reduced their stakes in MLPA. Foundations Investment Advisors LLC grew its stake in shares of Global X MLP ETF by 4,705.6% during the fourth quarter. Foundations Investment Advisors LLC now owns 254,505 shares of the company’s stock valued at $12,321,000 after buying an additional 249,209 shares during the last quarter. Greenspring Advisors LLC grew its position in Global X MLP ETF by 5,502.2% during the 4th quarter. Greenspring Advisors LLC now owns 236,859 shares of the company’s stock worth $11,466,000 after acquiring an additional 232,631 shares during the last quarter. Quadrature Capital Ltd grew its position in Global X MLP ETF by 2,831.8% during the 4th quarter. Quadrature Capital Ltd now owns 160,544 shares of the company’s stock worth $7,772,000 after acquiring an additional 155,068 shares during the last quarter. Matrix Private Capital Group LLC purchased a new position in Global X MLP ETF in the 1st quarter worth approximately $7,641,000. Finally, Northwestern Mutual Wealth Management Co. increased its stake in Global X MLP ETF by 29,373.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 135,874 shares of the company’s stock worth $6,578,000 after purchasing an additional 135,413 shares during the period.

About Global X MLP ETF

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.