Global X MLP ETF (NYSEARCA:MLPA) Reaches New 52-Week High – What’s Next?

Global X MLP ETF (NYSEARCA:MLPA)’s share price reached a new 52-week high on Monday . The stock traded as high as $55.77 and last traded at $55.66, with a volume of 51011 shares changing hands. The stock had previously closed at $55.39.

Global X MLP ETF Stock Up 0.7%

The stock has a market cap of $2.22 billion, a PE ratio of 14.42 and a beta of 0.47. The business’s 50-day simple moving average is $54.03 and its 200-day simple moving average is $51.36.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of MLPA. Bank of America Corp DE lifted its position in shares of Global X MLP ETF by 3.7% during the 3rd quarter. Bank of America Corp DE now owns 1,187,268 shares of the company’s stock valued at $57,488,000 after buying an additional 42,273 shares in the last quarter. UBS Group AG lifted its stake in shares of Global X MLP ETF by 3.6% during the 4th quarter. UBS Group AG now owns 1,047,656 shares of the company’s stock valued at $50,717,000 after buying an additional 36,634 shares in the last quarter. Evergreen Capital Management LLC lifted its stake in shares of Global X MLP ETF by 0.6% during the 4th quarter. Evergreen Capital Management LLC now owns 489,625 shares of the company’s stock valued at $23,703,000 after buying an additional 3,150 shares in the last quarter. Gradient Investments LLC lifted its stake in shares of Global X MLP ETF by 2.4% during the 4th quarter. Gradient Investments LLC now owns 458,127 shares of the company’s stock valued at $22,178,000 after buying an additional 10,858 shares in the last quarter. Finally, Rockefeller Capital Management L.P. lifted its stake in shares of Global X MLP ETF by 31.1% during the 4th quarter. Rockefeller Capital Management L.P. now owns 399,223 shares of the company’s stock valued at $19,326,000 after buying an additional 94,623 shares in the last quarter.

About Global X MLP ETF

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.