Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX) Hits New 52-Week High – Here’s What Happened

Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX) shares reached a new 52-week high on Tuesday . The company traded as high as $70.77 and last traded at $70.18, with a volume of 275638 shares trading hands. The stock had previously closed at $70.02.

Global X MLP & Energy Infrastructure ETF Stock Performance

The business’s fifty day simple moving average is $63.90 and its 200 day simple moving average is $61.59. The stock has a market cap of $3.05 billion, a price-to-earnings ratio of 19.10 and a beta of 0.79.

Global X MLP & Energy Infrastructure ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 12th. Shareholders of record on Monday, February 9th were issued a dividend of $0.74 per share. The ex-dividend date was Monday, February 9th. This represents a $2.96 annualized dividend and a yield of 4.2%. 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

Hedge funds have recently made changes to their positions in the stock. Midwest Professional Planners LTD. lifted its position in shares of Global X MLP & Energy Infrastructure ETF by 0.8% during the third quarter. Midwest Professional Planners LTD. now owns 23,752 shares of the company’s stock worth $1,489,000 after purchasing an additional 180 shares during the last quarter. First Heartland Consultants Inc. raised its position in shares of Global X MLP & Energy Infrastructure ETF by 5.7% during the 3rd quarter. First Heartland Consultants Inc. now owns 3,384 shares of the company’s stock valued at $212,000 after acquiring an additional 181 shares in the last quarter. Advisory Services Network LLC raised its position in shares of Global X MLP & Energy Infrastructure ETF by 0.7% during the 2nd quarter. Advisory Services Network LLC now owns 28,092 shares of the company’s stock valued at $1,747,000 after acquiring an additional 184 shares in the last quarter. Fielder Capital Group LLC boosted its holdings in Global X MLP & Energy Infrastructure ETF by 1.4% in the fourth quarter. Fielder Capital Group LLC now owns 13,284 shares of the company’s stock worth $804,000 after purchasing an additional 188 shares during the period. Finally, Wealthspan Partners LLC increased its stake in Global X MLP & Energy Infrastructure ETF by 1.0% during the fourth quarter. Wealthspan Partners LLC now owns 18,533 shares of the company’s stock valued at $1,122,000 after purchasing an additional 189 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.