Global X MLP ETF (NYSEARCA:MLPA) Sees Large Volume Increase – Here’s Why

by · The Cerbat Gem

Global X MLP ETF (NYSEARCA:MLPA – Get Free Report) saw unusually-strong trading volume on Tuesday. Approximately 329,417 shares were traded during mid-day trading, an increase of 44% from the previous session’s volume of 229,343 shares. The stock last traded at $53.9360 and had previously closed at $54.16.

Global X MLP ETF Trading Down 0.7%

The company has a market capitalization of $2.27 billion, a P/E ratio of 14.42 and a beta of 0.46. The stock’s fifty day moving average is $56.36 and its 200 day moving average is $54.84.

Hedge Funds Weigh In On Global X MLP ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Centurion Wealth Management LLC grew its position in shares of Global X MLP ETF by 1.2% during the 2nd quarter. Centurion Wealth Management LLC now owns 24,348 shares of the company’s stock valued at $1,292,000 after acquiring an additional 288 shares during the period. AdvisorNet Financial Inc raised its holdings in Global X MLP ETF by 2.3% in the 1st quarter. AdvisorNet Financial Inc now owns 17,509 shares of the company’s stock worth $943,000 after purchasing an additional 395 shares during the period. Barry Investment Advisors LLC lifted its position in Global X MLP ETF by 0.3% during the first quarter. Barry Investment Advisors LLC now owns 205,014 shares of the company’s stock valued at $11,044,000 after purchasing an additional 590 shares in the last quarter. LFG Wealth Partners LLC lifted its position in Global X MLP ETF by 2.8% during the first quarter. LFG Wealth Partners LLC now owns 22,673 shares of the company’s stock valued at $1,221,000 after purchasing an additional 608 shares in the last quarter. Finally, Alteri Wealth LLC grew its holdings in Global X MLP ETF by 8.6% during the fourth quarter. Alteri Wealth LLC now owns 7,715 shares of the company’s stock valued at $373,000 after purchasing an additional 611 shares during the period.

About Global X MLP ETF

(Get Free Report)

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.

Featured Stories