Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX) Reaches New 12-Month High – Still a Buy?

Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX)’s stock price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $76.45 and last traded at $76.19, with a volume of 68354 shares. The stock had previously closed at $76.16.

Global X MLP & Energy Infrastructure ETF Trading Up 0.7%

The stock has a 50 day simple moving average of $73.00 and a 200-day simple moving average of $66.30. The firm has a market cap of $3.57 billion, a P/E ratio of 19.10 and a beta of 0.60.

Institutional Trading of Global X MLP & Energy Infrastructure ETF

A number of large investors have recently added to or reduced their stakes in MLPX. Northwestern Mutual Wealth Management Co. increased its stake in Global X MLP & Energy Infrastructure ETF by 9,626.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,392,414 shares of the company’s stock worth $144,813,000 after acquiring an additional 2,367,818 shares during the last quarter. Morgan Stanley increased its stake in Global X MLP & Energy Infrastructure ETF by 8.6% in the 4th quarter. Morgan Stanley now owns 10,749,125 shares of the company’s stock worth $650,645,000 after acquiring an additional 848,899 shares during the last quarter. Two Sigma Investments LP bought a new stake in Global X MLP & Energy Infrastructure ETF in the 3rd quarter worth approximately $26,344,000. Decker Wealth Management LLC bought a new stake in Global X MLP & Energy Infrastructure ETF in the 1st quarter worth approximately $27,700,000. Finally, School Employees Retirement Board of Ohio bought a new stake in Global X MLP & Energy Infrastructure ETF in the 1st quarter worth approximately $24,443,000.

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.