Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX) Reaches New 1-Year High – Should You Buy?

Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX)’s stock price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $55.52 and last traded at $55.28, with a volume of 4102 shares traded. The stock had previously closed at $55.19.

Global X MLP & Energy Infrastructure ETF Price Performance

The firm has a market capitalization of $1.59 billion, a P/E ratio of 18.89 and a beta of 0.54. The company has a fifty day moving average of $53.38 and a 200 day moving average of $51.01.

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

Large investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC bought a new position in Global X MLP & Energy Infrastructure ETF during the first quarter worth $28,000. Capital Advisors Ltd. LLC grew its stake in shares of Global X MLP & Energy Infrastructure ETF by 51.5% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 1,056 shares of the company’s stock valued at $54,000 after buying an additional 359 shares during the period. MCF Advisors LLC bought a new stake in Global X MLP & Energy Infrastructure ETF in the 2nd quarter valued at about $64,000. Opal Wealth Advisors LLC acquired a new position in Global X MLP & Energy Infrastructure ETF during the 2nd quarter worth approximately $64,000. Finally, Carolinas Wealth Consulting LLC bought a new position in Global X MLP & Energy Infrastructure ETF in the second quarter worth approximately $67,000.

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.