Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX) Sees Strong Trading Volume – What’s Next?

Shares of Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX) saw an uptick in trading volume on Tuesday . 748,981 shares changed hands during trading, an increase of 83% from the previous session’s volume of 409,317 shares.The stock last traded at $61.75 and had previously closed at $61.69.

Global X MLP & Energy Infrastructure ETF Trading Up 0.1 %

The company has a market capitalization of $1.74 billion, a PE ratio of 18.89 and a beta of 0.54. The business’s fifty day moving average is $60.87 and its two-hundred day moving average is $56.11.

Institutional Trading of Global X MLP & Energy Infrastructure ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Evergreen Capital Management LLC bought a new stake in shares of Global X MLP & Energy Infrastructure ETF in the 2nd quarter worth about $22,083,000. Envestnet Asset Management Inc. raised its stake in Global X MLP & Energy Infrastructure ETF by 25.0% in the second quarter. Envestnet Asset Management Inc. now owns 413,623 shares of the company’s stock worth $21,115,000 after buying an additional 82,703 shares in the last quarter. Annandale Capital LLC lifted its stake in shares of Global X MLP & Energy Infrastructure ETF by 4.1% during the 2nd quarter. Annandale Capital LLC now owns 302,549 shares of the company’s stock worth $15,445,000 after purchasing an additional 11,879 shares during the last quarter. Cetera Investment Advisers lifted its position in shares of Global X MLP & Energy Infrastructure ETF by 8.2% during the second quarter. Cetera Investment Advisers now owns 224,248 shares of the company’s stock valued at $11,448,000 after buying an additional 16,951 shares during the last quarter. Finally, Stifel Financial Corp boosted its stake in Global X MLP & Energy Infrastructure ETF by 1.2% in the third quarter. Stifel Financial Corp now owns 222,640 shares of the company’s stock valued at $12,118,000 after acquiring an additional 2,725 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.