Global X MLP ETF (NYSEARCA:MLPA) Sees Unusually-High Trading Volume – Here’s Why

Shares of Global X MLP ETF (NYSEARCA:MLPA) saw unusually-strong trading volume on Wednesday. 1,099,109 shares traded hands during trading, an increase of 366% from the average daily volume of 235,748 shares. The stock last traded at $52.6860 and had previously closed at $54.28.

Global X MLP ETF Price Performance

The stock has a 50 day simple moving average of $55.12 and a 200-day simple moving average of $54.32. The firm has a market cap of $2.28 billion, a PE ratio of 14.42 and a beta of 0.48.

Hedge Funds Weigh In On Global X MLP ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. IFP Advisors Inc increased its holdings in Global X MLP ETF by 3.4% in the 3rd quarter. IFP Advisors Inc now owns 7,899 shares of the company’s stock worth $421,000 after buying an additional 262 shares in the last quarter. Centurion Wealth Management LLC raised its position in Global X MLP ETF by 1.2% in the 2nd quarter. Centurion Wealth Management LLC now owns 24,348 shares of the company’s stock worth $1,292,000 after buying an additional 288 shares during the last quarter. Parallel Advisors LLC purchased a new position in Global X MLP ETF in the 3rd quarter worth about $26,000. Foresight Capital Management Advisors Inc. bought a new position in Global X MLP ETF during the 3rd quarter valued at about $31,000. Finally, LFG Wealth Partners LLC lifted its stake in Global X MLP ETF by 2.8% during the 1st quarter. LFG Wealth Partners LLC now owns 22,673 shares of the company’s stock valued at $1,221,000 after acquiring an additional 608 shares during the period.

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.