Global X MLP ETF (NYSEARCA:MLPA) Reaches New 52-Week High – Here’s Why

Global X MLP ETF (NYSEARCA:MLPA)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $57.78 and last traded at $57.5990, with a volume of 42638 shares trading hands. The stock had previously closed at $57.54.

Global X MLP ETF Trading Down 0.4%

The company has a market cap of $2.33 billion, a P/E ratio of 14.42 and a beta of 0.46. The stock’s 50 day moving average is $56.08 and its 200-day moving average is $54.66.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in MLPA. Foundations Investment Advisors LLC raised its position in Global X MLP ETF by 4,705.6% in the 4th quarter. Foundations Investment Advisors LLC now owns 254,505 shares of the company’s stock worth $12,321,000 after buying an additional 249,209 shares during the last quarter. Greenspring Advisors LLC boosted its holdings in shares of 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 valued at $11,466,000 after acquiring an additional 232,631 shares during the last quarter. Quadrature Capital Ltd boosted its holdings in shares of 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 valued at $7,772,000 after acquiring an additional 155,068 shares during the last quarter. Matrix Private Capital Group LLC bought a new stake in shares of Global X MLP ETF in the first quarter worth approximately $7,641,000. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of Global X MLP ETF by 29,373.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 135,874 shares of the company’s stock worth $6,578,000 after acquiring an additional 135,413 shares during the period.

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.