Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX) Reaches New 52-Week High – Time to Buy?

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

Global X MLP & Energy Infrastructure ETF Stock Performance

The stock has a market cap of $3.16 billion, a price-to-earnings ratio of 19.10 and a beta of 0.79. The business has a 50-day simple moving average of $64.37 and a two-hundred day simple moving average of $61.75.

Global X MLP & Energy Infrastructure ETF Increases Dividend

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

Institutional Investors Weigh In On Global X MLP & Energy Infrastructure ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Private Wealth Asset Management LLC bought a new position in shares of Global X MLP & Energy Infrastructure ETF in the 4th quarter valued at about $30,000. Simplex Trading LLC increased its position in shares of Global X MLP & Energy Infrastructure ETF by 247.9% during the 4th quarter. Simplex Trading LLC now owns 508 shares of the company’s stock worth $31,000 after purchasing an additional 362 shares during the last quarter. Fifth Third Bancorp increased its position in shares of Global X MLP & Energy Infrastructure ETF by 709.9% during the 3rd quarter. Fifth Third Bancorp now owns 575 shares of the company’s stock worth $36,000 after purchasing an additional 504 shares during the last quarter. Clearstead Advisors LLC bought a new stake in shares of Global X MLP & Energy Infrastructure ETF during the 4th quarter worth approximately $49,000. Finally, First Horizon Advisors Inc. acquired a new stake in shares of Global X MLP & Energy Infrastructure ETF in the 2nd quarter valued at approximately $57,000.

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.