Global X MLP ETF (NYSEARCA:MLPA) Sees Strong Trading Volume – Here’s What Happened

Global X MLP ETF (NYSEARCA:MLPA) saw unusually-strong trading volume on Wednesday. Approximately 1,136,670 shares were traded during mid-day trading, an increase of 382% from the previous session’s volume of 236,012 shares. The stock last traded at $53.6060 and had previously closed at $54.20.

Global X MLP ETF Stock Performance

The firm has a market capitalization of $2.26 billion, a price-to-earnings ratio of 14.42 and a beta of 0.49. The stock’s fifty day moving average is $55.77 and its two-hundred day moving average is $54.80.

Hedge Funds Weigh In On Global X MLP ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. NFSG Corp purchased a new stake in shares of Global X MLP ETF during the third quarter worth about $150,000. TT Capital Management LLC acquired a new position in shares of Global X MLP ETF in the third quarter worth about $985,000. Charles Schwab Trust Co acquired a new position in shares of Global X MLP ETF in the third quarter worth about $1,385,000. Triumph Capital Management purchased a new position in Global X MLP ETF in the third quarter valued at about $33,000. Finally, Krilogy Financial LLC boosted its holdings in Global X MLP ETF by 2.8% in the third quarter. Krilogy Financial LLC now owns 41,779 shares of the company’s stock valued at $2,259,000 after purchasing an additional 1,142 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.