Shares of Global X MLP ETF (NYSEARCA:MLPA – Get Free Report) reached a new 52-week low on Monday . The company traded as low as $45.09 and last traded at $45.39, with a volume of 55482 shares trading hands. The stock had previously closed at $49.16.
Global X MLP ETF Stock Up 4.0 %
The stock has a fifty day simple moving average of $52.53 and a 200-day simple moving average of $50.63. The stock has a market cap of $1.71 billion, a P/E ratio of 14.90 and a beta of 0.94.
Hedge Funds Weigh In On Global X MLP ETF
A number of large investors have recently modified their holdings of the business. JPMorgan Chase & Co. boosted its stake in shares of Global X MLP ETF by 32.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 16,298 shares of the company’s stock worth $782,000 after acquiring an additional 3,953 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in Global X MLP ETF by 17.9% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 19,800 shares of the company’s stock worth $975,000 after purchasing an additional 3,000 shares in the last quarter. Golden State Equity Partners bought a new stake in Global X MLP ETF during the 4th quarter worth approximately $717,000. Principal Securities Inc. raised its position in Global X MLP ETF by 7.2% during the 4th quarter. Principal Securities Inc. now owns 13,078 shares of the company’s stock worth $646,000 after purchasing an additional 878 shares during the last quarter. Finally, Endowment Wealth Management Inc. raised its holdings in Global X MLP ETF by 2.2% during the 4th quarter. Endowment Wealth Management Inc. now owns 10,557 shares of the company’s stock worth $522,000 after purchasing an additional 226 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.
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