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

Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX) reached a new 52-week high on Wednesday . The stock traded as high as $69.90 and last traded at $69.4910, with a volume of 17722 shares changing hands. The stock had previously closed at $69.03.

Global X MLP & Energy Infrastructure ETF Stock Up 0.7%

The company has a 50-day moving average of $63.28 and a 200 day moving average of $61.40. The stock has a market capitalization of $3.05 billion, a PE 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 was paid on Thursday, February 12th. Stockholders of record on Monday, February 9th were issued a dividend of $0.74 per share. The ex-dividend date of this dividend was Monday, February 9th. This is a positive change from Global X MLP & Energy Infrastructure ETF’s previous quarterly dividend of $0.08. This represents a $2.96 dividend on an annualized basis and a dividend yield of 4.2%.

Hedge Funds Weigh In On Global X MLP & Energy Infrastructure ETF

Several hedge funds and other institutional investors have recently modified their holdings of the business. Briaud Financial Planning Inc boosted its holdings in Global X MLP & Energy Infrastructure ETF by 1,270.6% in the 2nd quarter. Briaud Financial Planning Inc now owns 466 shares of the company’s stock valued at $29,000 after purchasing an additional 432 shares during the last quarter. Private Wealth Asset Management LLC purchased a new stake in shares of Global X MLP & Energy Infrastructure ETF during the 4th quarter valued at approximately $30,000. Simplex Trading LLC lifted its holdings in Global X MLP & Energy Infrastructure ETF by 247.9% in the fourth quarter. Simplex Trading LLC now owns 508 shares of the company’s stock valued at $31,000 after acquiring an additional 362 shares during the last quarter. Fifth Third Bancorp grew its position in Global X MLP & Energy Infrastructure ETF by 709.9% in the third quarter. Fifth Third Bancorp now owns 575 shares of the company’s stock worth $36,000 after acquiring an additional 504 shares during the period. Finally, Clearstead Advisors LLC purchased a new position in Global X MLP & Energy Infrastructure ETF in the fourth quarter worth approximately $49,000.

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.