Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX) Hits New 1-Year High – What’s Next?

Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $72.67 and last traded at $72.5240, with a volume of 47481 shares changing hands. The stock had previously closed at $71.23.

Global X MLP & Energy Infrastructure ETF Trading Down 0.1%

The stock has a market capitalization of $3.17 billion, a P/E ratio of 19.10 and a beta of 0.79. The company has a 50-day moving average price of $64.87 and a 200 day moving average price of $61.92.

Global X MLP & Energy Infrastructure ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 12th. Shareholders of record on Monday, February 9th were issued a $0.74 dividend. This is a boost from Global X MLP & Energy Infrastructure ETF’s previous quarterly dividend of $0.08. This represents a $2.96 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date was Monday, February 9th.

Institutional Trading of Global X MLP & Energy Infrastructure ETF

A number of institutional investors have recently modified their holdings of the company. Beacon Pointe Advisors LLC raised its stake in shares of Global X MLP & Energy Infrastructure ETF by 33.6% during the 4th quarter. Beacon Pointe Advisors LLC now owns 11,519 shares of the company’s stock worth $697,000 after acquiring an additional 2,895 shares in the last quarter. EP Wealth Advisors LLC purchased a new position in Global X MLP & Energy Infrastructure ETF in the fourth quarter worth $552,000. Tudor Investment Corp ET AL acquired a new position in shares of Global X MLP & Energy Infrastructure ETF during the fourth quarter worth $958,000. Asset One Wealth Management LLC acquired a new position in shares of Global X MLP & Energy Infrastructure ETF during the fourth quarter worth $817,000. Finally, Equitable Holdings Inc. lifted its holdings in shares of Global X MLP & Energy Infrastructure ETF by 16.2% during the 4th quarter. Equitable Holdings Inc. now owns 96,635 shares of the company’s stock valued at $5,849,000 after purchasing an additional 13,477 shares during the last quarter.

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.