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

Shares of Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX) reached a new 52-week high during trading on Wednesday . The stock traded as high as $69.90 and last traded at $69.4910, with a volume of 17722 shares traded. The stock had previously closed at $69.03.

Global X MLP & Energy Infrastructure ETF Stock Performance

The stock has a market cap of $3.02 billion, a price-to-earnings ratio of 19.10 and a beta of 0.79. The company’s 50 day simple moving average is $62.72 and its two-hundred day simple moving average is $61.23.

Global X MLP & Energy Infrastructure ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 12th. Stockholders of record on Monday, February 9th were paid a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a dividend yield of 4.3%. This is a boost from Global X MLP & Energy Infrastructure ETF’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Monday, February 9th.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Briaud Financial Planning Inc lifted its holdings in shares of Global X MLP & Energy Infrastructure ETF by 1,270.6% during the 2nd quarter. Briaud Financial Planning Inc now owns 466 shares of the company’s stock valued at $29,000 after buying an additional 432 shares during the last quarter. Private Wealth Asset Management LLC bought a new position in Global X MLP & Energy Infrastructure ETF during the fourth quarter valued at approximately $30,000. Simplex Trading LLC lifted its stake in Global X MLP & Energy Infrastructure ETF by 247.9% in the fourth quarter. Simplex Trading LLC now owns 508 shares of the company’s stock valued at $31,000 after acquiring an additional 362 shares during the last quarter. Fifth Third Bancorp grew its position in Global X MLP & Energy Infrastructure ETF by 709.9% in the third quarter. Fifth Third Bancorp now owns 575 shares of the company’s stock worth $36,000 after acquiring an additional 504 shares in the last quarter. Finally, IFP Advisors Inc increased its stake in shares of Global X MLP & Energy Infrastructure ETF by 35.5% during the 2nd quarter. IFP Advisors Inc now owns 722 shares of the company’s stock worth $45,000 after purchasing an additional 189 shares during the last quarter.

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.