Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX) Sets New 1-Year High – Here’s What Happened

Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX)’s stock price hit a new 52-week high on Tuesday . The company traded as high as $67.59 and last traded at $67.0680, with a volume of 23087 shares traded. The stock had previously closed at $67.02.

Global X MLP & Energy Infrastructure ETF Stock Performance

The stock’s 50 day simple moving average is $61.79 and its 200 day simple moving average is $60.93. The firm has a market cap of $2.93 billion, a P/E ratio of 19.10 and a beta of 0.79.

Global X MLP & Energy Infrastructure ETF Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 12th. Investors of record on Monday, February 9th will be issued a $0.74 dividend. The ex-dividend date is Monday, February 9th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 4.4%. This is a boost from Global X MLP & Energy Infrastructure ETF’s previous quarterly dividend of $0.08.

Institutional Trading of Global X MLP & Energy Infrastructure ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MLPX. Bank of America Corp DE grew its holdings in Global X MLP & Energy Infrastructure ETF by 12.8% during the second quarter. Bank of America Corp DE now owns 2,446,860 shares of the company’s stock worth $153,320,000 after buying an additional 277,692 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in Global X MLP & Energy Infrastructure ETF by 9,626.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,392,414 shares of the company’s stock worth $144,813,000 after acquiring an additional 2,367,818 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Global X MLP & Energy Infrastructure ETF by 19.2% in the 2nd quarter. PNC Financial Services Group Inc. now owns 543,697 shares of the company’s stock worth $34,068,000 after acquiring an additional 87,644 shares in the last quarter. Two Sigma Investments LP bought a new stake in shares of Global X MLP & Energy Infrastructure ETF in the 3rd quarter worth $26,344,000. Finally, Advisory Alpha LLC raised its holdings in shares of Global X MLP & Energy Infrastructure ETF by 5.0% in the third quarter. Advisory Alpha LLC now owns 416,546 shares of the company’s stock valued at $25,898,000 after purchasing an additional 19,883 shares during the last quarter.

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.