Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX – Get Free Report)’s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as $66.25 and last traded at $65.8110, with a volume of 9732 shares changing hands. The stock had previously closed at $66.02.
Global X MLP & Energy Infrastructure ETF Stock Down 0.7%
The firm has a market capitalization of $2.85 billion, a price-to-earnings ratio of 19.10 and a beta of 0.79. The company’s 50 day moving average price is $61.29 and its 200 day moving average price is $60.76.
Hedge Funds Weigh In On Global X MLP & Energy Infrastructure ETF
A number of large investors have recently added to or reduced their stakes in the stock. MGO One Seven LLC grew its holdings in shares of Global X MLP & Energy Infrastructure ETF by 18.6% during the fourth quarter. MGO One Seven LLC now owns 7,470 shares of the company’s stock worth $452,000 after buying an additional 1,170 shares in the last quarter. Oak Family Advisors LLC purchased a new stake in Global X MLP & Energy Infrastructure ETF during the 4th quarter worth about $1,716,000. SFG Wealth Management LLC. acquired a new position in shares of Global X MLP & Energy Infrastructure ETF during the 4th quarter worth about $250,000. Sageworth Trust Co boosted its position in shares of Global X MLP & Energy Infrastructure ETF by 5.0% in the 4th quarter. Sageworth Trust Co now owns 85,268 shares of the company’s stock valued at $5,161,000 after purchasing an additional 4,052 shares during the period. Finally, Truist Financial Corp raised its holdings in shares of Global X MLP & Energy Infrastructure ETF by 8.9% in the fourth quarter. Truist Financial Corp now owns 18,117 shares of the company’s stock valued at $1,097,000 after buying an additional 1,479 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.
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