Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX) Sees Strong Trading Volume – Here’s Why

Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX) saw unusually-strong trading volume on Friday . Approximately 873,882 shares were traded during trading, an increase of 268% from the previous session’s volume of 237,359 shares.The stock last traded at $59.83 and had previously closed at $60.16.

Global X MLP & Energy Infrastructure ETF Price Performance

The company has a market capitalization of $1.68 billion, a price-to-earnings ratio of 18.89 and a beta of 0.54. The firm’s 50-day simple moving average is $60.38 and its two-hundred day simple moving average is $55.58.

Institutional Trading of Global X MLP & Energy Infrastructure ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. FMR LLC boosted its stake in shares of Global X MLP & Energy Infrastructure ETF by 8.5% during the 3rd quarter. FMR LLC now owns 3,676 shares of the company’s stock valued at $200,000 after buying an additional 288 shares during the last quarter. HighTower Advisors LLC lifted its position in Global X MLP & Energy Infrastructure ETF by 35.4% in the 3rd quarter. HighTower Advisors LLC now owns 7,406 shares of the company’s stock valued at $407,000 after purchasing an additional 1,938 shares during the last quarter. US Bancorp DE grew its holdings in Global X MLP & Energy Infrastructure ETF by 57.6% in the 3rd quarter. US Bancorp DE now owns 6,330 shares of the company’s stock worth $345,000 after buying an additional 2,314 shares in the last quarter. Sanctuary Advisors LLC increased its holdings in shares of Global X MLP & Energy Infrastructure ETF by 39.1% during the third quarter. Sanctuary Advisors LLC now owns 5,908 shares of the company’s stock valued at $322,000 after purchasing an additional 1,660 shares during the period. Finally, Advisors Asset Management Inc. bought a new stake in shares of Global X MLP & Energy Infrastructure ETF during the 3rd quarter worth about $65,000.

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.