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

Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $74.28 and last traded at $74.28, with a volume of 40714 shares changing hands. The stock had previously closed at $72.36.

Global X MLP & Energy Infrastructure ETF Stock Performance

The business has a 50-day simple moving average of $67.48 and a 200 day simple moving average of $62.81. The firm has a market cap of $3.23 billion, a P/E ratio of 19.10 and a beta of 0.79.

Global X MLP & Energy Infrastructure ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 12th. Stockholders of record on Monday, February 9th were paid a dividend of $0.74 per share. This represents a $2.96 dividend on an annualized basis and a dividend yield of 4.0%. 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.

Institutional Trading of Global X MLP & Energy Infrastructure ETF

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Private Wealth Asset Management LLC purchased a new position in shares of Global X MLP & Energy Infrastructure ETF during the 4th quarter worth approximately $30,000. Simplex Trading LLC boosted its position in shares of Global X MLP & Energy Infrastructure ETF by 247.9% during the fourth quarter. Simplex Trading LLC now owns 508 shares of the company’s stock valued at $31,000 after purchasing an additional 362 shares in the last quarter. Fifth Third Bancorp grew its stake 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 purchasing an additional 504 shares during the period. Clearstead Advisors LLC purchased a new stake in Global X MLP & Energy Infrastructure ETF in the fourth quarter worth $49,000. Finally, IFP Advisors Inc raised its holdings in Global X MLP & Energy Infrastructure ETF by 26.4% in the fourth quarter. IFP Advisors Inc now owns 938 shares of the company’s stock worth $57,000 after purchasing an additional 196 shares in the last quarter.

About Global X MLP & Energy Infrastructure ETF

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.