Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX) Sets New 52-Week High – Should You Buy?

Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX)’s stock price hit a new 52-week high on Monday . The stock traded as high as $77.90 and last traded at $77.90, with a volume of 273 shares. The stock had previously closed at $73.21.

Global X MLP & Energy Infrastructure ETF Trading Up 1.2%

The company’s 50 day moving average price is $70.87 and its two-hundred day moving average price is $64.11. The stock has a market cap of $3.31 billion, a P/E ratio of 19.10 and a beta of 0.72.

Global X MLP & Energy Infrastructure ETF Increases Dividend

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

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Envestnet Asset Management Inc. grew its stake in shares of Global X MLP & Energy Infrastructure ETF by 3.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 359,600 shares of the company’s stock valued at $22,551,000 after acquiring an additional 10,828 shares during the period. Global Retirement Partners LLC grew its stake in shares of Global X MLP & Energy Infrastructure ETF by 49.2% during the 3rd quarter. Global Retirement Partners LLC now owns 60,907 shares of the company’s stock valued at $3,820,000 after acquiring an additional 20,098 shares during the period. American Trust bought a new position in shares of Global X MLP & Energy Infrastructure ETF during the 2nd quarter valued at approximately $1,418,000. Capital Advisors Ltd. LLC grew its stake in shares of Global X MLP & Energy Infrastructure ETF by 54.5% during the 3rd quarter. Capital Advisors Ltd. LLC now owns 32,091 shares of the company’s stock valued at $2,012,000 after acquiring an additional 11,318 shares during the period. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in shares of Global X MLP & Energy Infrastructure ETF during the 3rd quarter valued at approximately $610,000.

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.