Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX) Shares Cross Below 200 Day Moving Average – Here’s Why

Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX)’s share price crossed below its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of $72.79 and traded as low as $71.10. Global X MLP & Energy Infrastructure ETF shares last traded at $71.49, with a volume of 939,786 shares traded.

Global X MLP & Energy Infrastructure ETF Price Performance

The firm’s 50 day moving average is $73.62 and its 200 day moving average is $72.79. The firm has a market cap of $3.54 billion, a P/E ratio of 19.10 and a beta of 0.61.

Institutional Trading of Global X MLP & Energy Infrastructure ETF

Large investors have recently modified their holdings of the company. Lido Advisors LLC bought a new stake in Global X MLP & Energy Infrastructure ETF during the 3rd quarter valued at approximately $810,000. Simplex Trading LLC acquired a new stake in Global X MLP & Energy Infrastructure ETF in the 3rd quarter valued at approximately $305,000. Madrid Financial Services bought a new position in Global X MLP & Energy Infrastructure ETF in the 3rd quarter worth approximately $7,938,000. Endowment Wealth Management Inc. increased its position in Global X MLP & Energy Infrastructure ETF by 20.3% in the 3rd quarter. Endowment Wealth Management Inc. now owns 5,147 shares of the company’s stock worth $359,000 after buying an additional 869 shares during the period. Finally, StoneX Group Inc. bought a new position in Global X MLP & Energy Infrastructure ETF in the 3rd quarter worth approximately $234,000.

Global X MLP & Energy Infrastructure ETF Company Profile

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.