Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX) Reaches New 52-Week High – Here’s Why

Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX)’s share price hit a new 52-week high on Thursday . The stock traded as high as $74.28 and last traded at $74.28, with a volume of 40714 shares trading hands. The stock had previously closed at $72.36.

Global X MLP & Energy Infrastructure ETF Stock Down 0.6%

The company has a 50 day simple moving average of $68.02 and a 200-day simple moving average of $62.97. The stock has a market cap of $3.19 billion, a price-to-earnings ratio of 19.10 and a beta of 0.79.

Global X MLP & Energy Infrastructure ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 12th. Investors of record on Monday, February 9th were given a dividend of $0.74 per share. The ex-dividend date of this dividend was Monday, February 9th. This represents a $2.96 annualized dividend and a dividend yield of 4.0%. This is an increase from Global X MLP & Energy Infrastructure ETF’s previous quarterly dividend of $0.08.

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

Several large investors have recently added to or reduced their stakes in MLPX. Purpose Unlimited Inc. bought a new stake in Global X MLP & Energy Infrastructure ETF during the fourth quarter valued at $27,000. Private Wealth Asset Management LLC acquired a new position in shares of Global X MLP & Energy Infrastructure ETF in the 4th quarter valued at about $30,000. Simplex Trading LLC boosted its holdings in shares of Global X MLP & Energy Infrastructure ETF by 247.9% in the 4th quarter. Simplex Trading LLC now owns 508 shares of the company’s stock valued at $31,000 after buying an additional 362 shares during the period. Fifth Third Bancorp grew its position in shares of Global X MLP & Energy Infrastructure ETF by 709.9% during the 3rd quarter. Fifth Third Bancorp now owns 575 shares of the company’s stock valued at $36,000 after buying an additional 504 shares during the last quarter. Finally, Clearstead Advisors LLC bought a new stake in shares of Global X MLP & Energy Infrastructure ETF during the 4th quarter valued at about $49,000.

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.