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

Global X MLP ETF (NYSEARCA:MLPA)’s stock price hit a new 52-week high on Wednesday . The company traded as high as $56.97 and last traded at $56.84, with a volume of 80950 shares changing hands. The stock had previously closed at $56.26.

Global X MLP ETF Trading Up 1.0%

The stock has a market cap of $2.30 billion, a price-to-earnings ratio of 14.42 and a beta of 0.45. The business’s fifty day simple moving average is $54.96 and its 200 day simple moving average is $54.26.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in MLPA. Asset Allocation Strategies LLC increased its holdings in shares of Global X MLP ETF by 13.2% during the 2nd quarter. Asset Allocation Strategies LLC now owns 38,422 shares of the company’s stock worth $2,039,000 after acquiring an additional 4,481 shares during the last quarter. NBH Bank bought a new position in Global X MLP ETF during the 2nd quarter worth $119,000. Field & Main Bank acquired a new position in Global X MLP ETF in the second quarter valued at about $99,000. Centurion Wealth Management LLC boosted its position in shares of Global X MLP ETF by 1.2% during the 2nd quarter. Centurion Wealth Management LLC now owns 24,348 shares of the company’s stock worth $1,292,000 after acquiring an additional 288 shares in the last quarter. Finally, Gradient Investments LLC increased its stake in shares of Global X MLP ETF by 3.4% in the 2nd quarter. Gradient Investments LLC now owns 436,144 shares of the company’s stock valued at $23,151,000 after purchasing an additional 14,343 shares during 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.