Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX) Sets New 52-Week High – Still a Buy?

Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX) shares hit a new 52-week high on Monday . The company traded as high as $64.50 and last traded at $63.90, with a volume of 10540 shares. The stock had previously closed at $64.20.

Global X MLP & Energy Infrastructure ETF Stock Performance

The company has a market cap of $1.77 billion, a PE ratio of 18.89 and a beta of 0.54. The stock’s 50 day moving average price is $57.49 and its 200-day moving average price is $53.54.

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

Institutional investors have recently bought and sold shares of the stock. US Bancorp DE grew its holdings in shares of Global X MLP & Energy Infrastructure ETF by 57.6% in the third quarter. US Bancorp DE now owns 6,330 shares of the company’s stock worth $345,000 after purchasing an additional 2,314 shares during the last quarter. Creative Planning boosted its holdings in shares of Global X MLP & Energy Infrastructure ETF by 14.7% during the third quarter. Creative Planning now owns 12,760 shares of the company’s stock worth $695,000 after purchasing an additional 1,632 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in shares of Global X MLP & Energy Infrastructure ETF by 17.3% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 34,366 shares of the company’s stock worth $1,754,000 after purchasing an additional 5,075 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in Global X MLP & Energy Infrastructure ETF by 86.3% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 96,289 shares of the company’s stock worth $4,916,000 after buying an additional 44,616 shares during the period. Finally, Sanctuary Advisors LLC bought a new stake in shares of Global X MLP & Energy Infrastructure ETF in the 2nd quarter worth approximately $209,000.

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.