Global X MLP ETF (NYSEARCA:MLPA) Sees Strong Trading Volume – What’s Next?

Shares of Global X MLP ETF (NYSEARCA:MLPA) saw unusually-high trading volume on Monday . Approximately 887,895 shares were traded during mid-day trading, an increase of 269% from the previous session’s volume of 240,940 shares.The stock last traded at $56.42 and had previously closed at $56.76.

Global X MLP ETF Stock Down 0.4%

The company has a 50-day simple moving average of $54.23 and a two-hundred day simple moving average of $53.71. The stock has a market cap of $2.28 billion, a P/E ratio of 14.42 and a beta of 0.45.

Hedge Funds Weigh In On Global X MLP ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of America Corp DE lifted its holdings in shares of Global X MLP ETF by 3.7% during the third quarter. Bank of America Corp DE now owns 1,187,268 shares of the company’s stock valued at $57,488,000 after purchasing an additional 42,273 shares during the last quarter. UBS Group AG raised its stake in Global X MLP ETF by 3.6% during the 4th quarter. UBS Group AG now owns 1,047,656 shares of the company’s stock valued at $50,717,000 after buying an additional 36,634 shares during the last quarter. Evergreen Capital Management LLC lifted its holdings in Global X MLP ETF by 0.6% in the fourth quarter. Evergreen Capital Management LLC now owns 489,625 shares of the company’s stock valued at $23,703,000 after acquiring an additional 3,150 shares during the period. Gradient Investments LLC boosted its holdings in shares of Global X MLP ETF by 3.4% in the second quarter. Gradient Investments LLC now owns 436,144 shares of the company’s stock worth $23,151,000 after buying an additional 14,343 shares during the last quarter. Finally, Royal Bank of Canada boosted its stake in shares of Global X MLP ETF by 7.2% during the 1st quarter. Royal Bank of Canada now owns 403,392 shares of the company’s stock worth $21,733,000 after acquiring an additional 26,983 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.