Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX) Sees Large Volume Increase

Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX) shares saw unusually-high trading volume on Wednesday . Approximately 688,710 shares traded hands during mid-day trading, an increase of 253% from the previous session’s volume of 194,899 shares.The stock last traded at $54.83 and had previously closed at $54.89.

Global X MLP & Energy Infrastructure ETF Stock Performance

The company has a market cap of $1.55 billion, a price-to-earnings ratio of 18.89 and a beta of 0.54. The business’s 50 day moving average price is $53.15 and its 200-day moving average price is $50.88.

Institutional Investors Weigh In On Global X MLP & Energy Infrastructure ETF

A number of hedge funds have recently made changes to their positions in MLPX. Sanctuary Advisors LLC bought a new stake in Global X MLP & Energy Infrastructure ETF during the 2nd quarter worth about $209,000. Cetera Investment Advisers grew its holdings in Global X MLP & Energy Infrastructure ETF by 8.2% during the 2nd quarter. Cetera Investment Advisers now owns 224,248 shares of the company’s stock worth $11,448,000 after acquiring an additional 16,951 shares during the last quarter. Truist Financial Corp boosted its stake in shares of Global X MLP & Energy Infrastructure ETF by 230.0% in the 2nd quarter. Truist Financial Corp now owns 24,779 shares of the company’s stock valued at $1,265,000 after purchasing an additional 17,270 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Global X MLP & Energy Infrastructure ETF by 153.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 9,605 shares of the company’s stock valued at $490,000 after purchasing an additional 5,808 shares during the last quarter. Finally, Annandale Capital LLC boosted its stake in shares of Global X MLP & Energy Infrastructure ETF by 4.1% in the 2nd quarter. Annandale Capital LLC now owns 302,549 shares of the company’s stock valued at $15,445,000 after purchasing an additional 11,879 shares during 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.