Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX) Stock Crosses Below Two Hundred Day Moving Average – Here’s What Happened

Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX)’s stock price crossed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $72.79 and traded as low as $71.10. Global X MLP & Energy Infrastructure ETF shares last traded at $71.49, with a volume of 939,786 shares changing hands.

Global X MLP & Energy Infrastructure ETF Stock Performance

The firm’s 50-day simple moving average is $73.62 and its 200-day simple moving average is $72.79. The company has a market capitalization of $3.54 billion, a price-to-earnings ratio of 19.10 and a beta of 0.61.

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

Institutional investors have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. raised its holdings in Global X MLP & Energy Infrastructure ETF by 11.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 513,075 shares of the company’s stock valued at $37,937,000 after acquiring an additional 52,131 shares in the last quarter. Decker Wealth Management LLC bought a new stake in shares of Global X MLP & Energy Infrastructure ETF in the 1st quarter worth approximately $27,700,000. Envestnet Asset Management Inc. lifted its position in shares of Global X MLP & Energy Infrastructure ETF by 3.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 326,689 shares of the company’s stock worth $24,064,000 after acquiring an additional 9,679 shares during the period. Commonwealth Equity Services LLC bought a new stake in shares of Global X MLP & Energy Infrastructure ETF in the 3rd quarter worth approximately $15,021,000. Finally, Evergreen Capital Management LLC acquired a new stake in shares of Global X MLP & Energy Infrastructure ETF during the 3rd quarter worth approximately $10,981,000.

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.