Global X MLP ETF (NYSEARCA:MLPA) Sees Unusually-High Trading Volume – What’s Next?

Global X MLP ETF (NYSEARCA:MLPA) saw unusually-high trading volume on Monday . Approximately 365,071 shares were traded during mid-day trading, an increase of 102% from the previous session’s volume of 180,825 shares.The stock last traded at $48.4950 and had previously closed at $48.60.

Global X MLP ETF Stock Up 0.3%

The stock’s 50 day moving average price is $48.21 and its two-hundred day moving average price is $49.33. The stock has a market cap of $1.81 billion, a price-to-earnings ratio of 14.42 and a beta of 0.64.

Institutional Trading of Global X MLP ETF

A number of hedge funds have recently modified their holdings of MLPA. WCG Wealth Advisors LLC increased its stake in Global X MLP ETF by 1.9% during the third quarter. WCG Wealth Advisors LLC now owns 11,232 shares of the company’s stock worth $544,000 after purchasing an additional 212 shares during the period. Friedenthal Financial grew its holdings in shares of Global X MLP ETF by 2.3% in the third quarter. Friedenthal Financial now owns 11,600 shares of the company’s stock valued at $562,000 after purchasing an additional 262 shares in the last quarter. Endowment Wealth Management Inc. increased its stake in Global X MLP ETF by 2.7% during the 1st quarter. Endowment Wealth Management Inc. now owns 10,844 shares of the company’s stock worth $577,000 after buying an additional 287 shares during the period. LGL Partners LLC lifted its holdings in Global X MLP ETF by 1.8% during the 1st quarter. LGL Partners LLC now owns 16,566 shares of the company’s stock worth $882,000 after buying an additional 290 shares in the last quarter. Finally, MGB Wealth Management LLC lifted its holdings in Global X MLP ETF by 22.6% during the 1st quarter. MGB Wealth Management LLC now owns 1,630 shares of the company’s stock worth $87,000 after buying an additional 300 shares in the last quarter.

Global X MLP ETF Company Profile

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.