Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX) Sets New 1-Year High – Still a Buy?

Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as $76.45 and last traded at $76.19, with a volume of 68354 shares changing hands. The stock had previously closed at $76.16.

Global X MLP & Energy Infrastructure ETF Price Performance

The stock’s fifty day moving average is $73.19 and its 200-day moving average is $66.56. The stock has a market cap of $3.61 billion, a PE ratio of 19.10 and a beta of 0.60.

Institutional Investors Weigh In On Global X MLP & Energy Infrastructure ETF

Hedge funds have recently modified their holdings of the company. Purpose Unlimited Inc. purchased a new stake in shares of Global X MLP & Energy Infrastructure ETF in the fourth quarter valued at about $27,000. Turtle Creek Wealth Advisors LLC purchased a new position in Global X MLP & Energy Infrastructure ETF during the first quarter worth about $29,000. Private Wealth Asset Management LLC purchased a new position in Global X MLP & Energy Infrastructure ETF during the fourth quarter worth about $30,000. Simplex Trading LLC boosted its stake in Global X MLP & Energy Infrastructure ETF by 247.9% during the fourth quarter. Simplex Trading LLC now owns 508 shares of the company’s stock worth $31,000 after buying an additional 362 shares during the period. Finally, Fifth Third Bancorp boosted its stake in Global X MLP & Energy Infrastructure ETF by 709.9% during the third quarter. Fifth Third Bancorp now owns 575 shares of the company’s stock worth $36,000 after buying an additional 504 shares during the period.

About Global X MLP & Energy Infrastructure ETF

The Global X MLP & Energy Infrastructure ETF (MLPX) is an exchange-traded fund that mostly invests in energy equity. The fund tracks an index of MLPs and companies engaged in energy infrastructure. The ETF is structured as an open-ended fund. MLPX was launched on Aug 7, 2013 and is managed by Global X.