Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX) Reaches New 1-Year High – Still a Buy?

Shares of Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX) hit a new 52-week high on Tuesday . The company traded as high as $68.04 and last traded at $66.69, with a volume of 3312 shares traded. The stock had previously closed at $66.05.

Global X MLP & Energy Infrastructure ETF Price Performance

The stock has a market capitalization of $1.88 billion, a PE ratio of 18.89 and a beta of 0.54. The company has a 50 day moving average price of $61.96 and a 200-day moving average price of $57.01.

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

A number of large investors have recently modified their holdings of the stock. Evergreen Capital Management LLC bought a new position in Global X MLP & Energy Infrastructure ETF in the second quarter worth about $22,083,000. Envestnet Asset Management Inc. raised its position in shares of Global X MLP & Energy Infrastructure ETF by 25.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 413,623 shares of the company’s stock worth $21,115,000 after acquiring an additional 82,703 shares in the last quarter. Annandale Capital LLC lifted its stake in shares of Global X MLP & Energy Infrastructure ETF by 4.1% in the 2nd quarter. Annandale Capital LLC now owns 302,549 shares of the company’s stock valued at $15,445,000 after purchasing an additional 11,879 shares during the period. Cetera Investment Advisers boosted its position in shares of Global X MLP & Energy Infrastructure ETF by 8.2% during the second quarter. Cetera Investment Advisers now owns 224,248 shares of the company’s stock valued at $11,448,000 after purchasing an additional 16,951 shares in the last quarter. Finally, Stifel Financial Corp grew its stake in Global X MLP & Energy Infrastructure ETF by 1.2% in the third quarter. Stifel Financial Corp now owns 222,640 shares of the company’s stock worth $12,118,000 after purchasing an additional 2,725 shares during the period.

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.