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

Global X MLP ETF (NYSEARCA:MLPA) saw unusually-strong trading volume on Tuesday. 329,417 shares traded hands 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 Stock Down 0.7%

The business’s 50-day simple moving average is $56.36 and its 200 day simple moving average is $54.84. The firm has a market capitalization of $2.27 billion, a P/E ratio of 14.42 and a beta of 0.46.

Institutional Investors Weigh In On Global X MLP ETF

A number of institutional investors have recently made changes to their positions in MLPA. Gradient Investments LLC boosted its holdings in Global X MLP ETF by 3.4% during the 2nd quarter. Gradient Investments LLC now owns 436,144 shares of the company’s stock valued at $23,151,000 after acquiring an additional 14,343 shares during the period. Royal Bank of Canada increased its stake in Global X MLP ETF by 7.2% in the 1st quarter. Royal Bank of Canada now owns 403,392 shares of the company’s stock worth $21,733,000 after purchasing an additional 26,983 shares during the period. Rockefeller Capital Management L.P. lifted its position in Global X MLP ETF by 31.1% in the fourth quarter. Rockefeller Capital Management L.P. now owns 399,223 shares of the company’s stock valued at $19,326,000 after purchasing an additional 94,623 shares during the last quarter. Cetera Investment Advisers lifted its position in Global X MLP ETF by 2.3% in the first quarter. Cetera Investment Advisers now owns 321,927 shares of the company’s stock valued at $17,342,000 after purchasing an additional 7,370 shares during the last quarter. Finally, Greenspring Advisors LLC lifted its position in Global X MLP ETF by 5,502.2% in the fourth quarter. Greenspring Advisors LLC now owns 236,859 shares of the company’s stock valued at $11,466,000 after purchasing an additional 232,631 shares during the last quarter.

About Global X MLP ETF

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.