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

Global X MLP ETF (NYSEARCA:MLPA) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $56.89 and last traded at $56.83, with a volume of 106706 shares traded. The stock had previously closed at $56.23.

Global X MLP ETF Stock Down 0.7%

The stock’s 50-day moving average price is $54.71 and its 200 day moving average price is $54.12. The firm has a market cap of $2.28 billion, a price-to-earnings ratio of 14.42 and a beta of 0.45.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Field & Main Bank acquired a new stake in Global X MLP ETF during the second quarter worth $99,000. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Global X MLP ETF during the 1st quarter valued at about $102,000. NBC Securities Inc. raised its position in Global X MLP ETF by 9.7% in the fourth quarter. NBC Securities Inc. now owns 2,683 shares of the company’s stock worth $130,000 after purchasing an additional 238 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in Global X MLP ETF by 541.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,957 shares of the company’s stock worth $143,000 after purchasing an additional 2,496 shares during the period. Finally, Stillwater Private Wealth LLC acquired a new stake in Global X MLP ETF during the first quarter valued at approximately $200,000.

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.