Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX) Reaches New 52-Week High – Here’s What Happened

Shares of Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX) hit a new 52-week high during trading on Monday . The stock traded as high as $77.90 and last traded at $77.90, with a volume of 273 shares traded. The stock had previously closed at $73.21.

Global X MLP & Energy Infrastructure ETF Trading Up 6.4%

The stock’s 50-day moving average is $70.47 and its 200-day moving average is $63.94. The company has a market cap of $3.47 billion, a price-to-earnings ratio of 19.10 and a beta of 0.79.

Global X MLP & Energy Infrastructure ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 12th. Shareholders of record on Monday, February 9th were paid a $0.74 dividend. This represents a $2.96 annualized dividend and a yield of 3.8%. This is an increase 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 Trading of Global X MLP & Energy Infrastructure ETF

Several large investors have recently made changes to their positions in the company. Purpose Unlimited Inc. bought a new stake in Global X MLP & Energy Infrastructure ETF in the 4th quarter valued at about $27,000. Private Wealth Asset Management LLC acquired a new position in Global X MLP & Energy Infrastructure ETF during the 4th quarter worth approximately $30,000. Simplex Trading LLC boosted its holdings 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 worth $31,000 after acquiring an additional 362 shares in the last quarter. Fifth Third Bancorp boosted its holdings 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, Clearstead Advisors LLC acquired a new stake in Global X MLP & Energy Infrastructure ETF in the fourth quarter valued at approximately $49,000.

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.