Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX) Sees Strong Trading Volume – Here’s Why

Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX) shares saw unusually-strong trading volume on Wednesday . Approximately 754,860 shares traded hands during mid-day trading, an increase of 110% from the previous session’s volume of 359,207 shares.The stock last traded at $71.99 and had previously closed at $71.46.

Global X MLP & Energy Infrastructure ETF Stock Up 0.9%

The company has a market cap of $3.14 billion, a P/E ratio of 19.10 and a beta of 0.79. The business has a 50-day moving average price of $66.05 and a two-hundred day moving average price of $62.35.

Global X MLP & Energy Infrastructure ETF Increases Dividend

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

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

Several institutional investors have recently modified their holdings of the business. Private Wealth Asset Management LLC acquired a new position in Global X MLP & Energy Infrastructure ETF in the fourth quarter valued at approximately $30,000. Simplex Trading LLC raised 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 valued at $31,000 after acquiring an additional 362 shares during the last quarter. Fifth Third Bancorp lifted its stake in shares of Global X MLP & Energy Infrastructure ETF by 709.9% in the 3rd quarter. Fifth Third Bancorp now owns 575 shares of the company’s stock valued at $36,000 after purchasing an additional 504 shares during the period. Clearstead Advisors LLC acquired a new position in shares of Global X MLP & Energy Infrastructure ETF in the 4th quarter valued at $49,000. Finally, First Horizon Advisors Inc. bought a new position in shares of Global X MLP & Energy Infrastructure ETF in the 2nd quarter worth $57,000.

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.