Global X MLP ETF (NYSEARCA:MLPA) Reaches New 12-Month High – Still a Buy?

Shares of Global X MLP ETF (NYSEARCA:MLPA) reached a new 52-week high 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 Up 1.1%

The stock has a fifty day moving average price of $54.60 and a two-hundred day moving average price of $54.05. The company has a market cap of $2.30 billion, a price-to-earnings ratio of 14.42 and a beta of 0.45.

Institutional Trading of Global X MLP ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Foundations Investment Advisors LLC boosted its holdings 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 valued at $12,321,000 after purchasing an additional 249,209 shares during the period. Greenspring Advisors LLC raised its position in shares of Global X MLP ETF by 5,502.2% in the fourth quarter. Greenspring Advisors LLC now owns 236,859 shares of the company’s stock valued at $11,466,000 after buying an additional 232,631 shares in the last quarter. Quadrature Capital Ltd raised its position in shares of Global X MLP ETF by 2,831.8% in the fourth quarter. Quadrature Capital Ltd now owns 160,544 shares of the company’s stock valued at $7,772,000 after buying an additional 155,068 shares in the last quarter. Matrix Private Capital Group LLC bought a new stake in shares of Global X MLP ETF in the first quarter valued at approximately $7,641,000. Finally, Northwestern Mutual Wealth Management Co. boosted 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 valued at $6,578,000 after buying 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.