Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX) Sees Strong Trading Volume – Here’s Why

Shares of Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX) saw unusually-strong trading volume on Friday . Approximately 873,882 shares traded hands during trading, an increase of 268% from the previous session’s volume of 237,359 shares.The stock last traded at $59.83 and had previously closed at $60.16.

Global X MLP & Energy Infrastructure ETF Price Performance

The company has a market cap of $1.69 billion, a price-to-earnings ratio of 18.89 and a beta of 0.54. The business’s fifty day moving average price is $60.33 and its 200 day moving average price is $55.47.

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

A number of hedge funds have recently made changes to their positions in the stock. Evergreen Capital Management LLC bought a new stake in shares of Global X MLP & Energy Infrastructure ETF in the 2nd quarter valued at $22,083,000. Icon Wealth Advisors LLC bought a new stake in Global X MLP & Energy Infrastructure ETF in the third quarter valued at $6,025,000. Envestnet Asset Management Inc. raised its holdings in shares of Global X MLP & Energy Infrastructure ETF by 25.0% during the second quarter. Envestnet Asset Management Inc. now owns 413,623 shares of the company’s stock valued at $21,115,000 after purchasing an additional 82,703 shares during the period. Menlo Advisors LLC boosted its position in shares of Global X MLP & Energy Infrastructure ETF by 1,302.3% during the 3rd quarter. Menlo Advisors LLC now owns 81,402 shares of the company’s stock worth $4,430,000 after purchasing an additional 75,597 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. grew its stake in shares of Global X MLP & Energy Infrastructure ETF by 86.3% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 96,289 shares of the company’s stock valued at $4,916,000 after buying an additional 44,616 shares during the period.

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.