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

Global X MLP & Energy Infrastructure ETF (NYSEARCA:MLPX)’s share price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $75.89 and last traded at $75.08, with a volume of 432612 shares. The stock had previously closed at $74.41.

Global X MLP & Energy Infrastructure ETF Stock Performance

The company’s 50-day simple moving average is $68.59 and its 200 day simple moving average is $63.20. The company has a market cap of $3.27 billion, a PE ratio of 19.10 and a beta of 0.79.

Global X MLP & Energy Infrastructure ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 12th. Stockholders of record on Monday, February 9th were paid a $0.74 dividend. The ex-dividend date was Monday, February 9th. This is an increase from Global X MLP & Energy Infrastructure ETF’s previous quarterly dividend of $0.08. This represents a $2.96 annualized dividend and a dividend yield of 3.9%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Purpose Unlimited Inc. acquired a new stake in Global X MLP & Energy Infrastructure ETF in the 4th quarter valued at about $27,000. Rockefeller Capital Management L.P. grew its position in shares of Global X MLP & Energy Infrastructure ETF by 166.2% during the fourth quarter. Rockefeller Capital Management L.P. now owns 31,992 shares of the company’s stock worth $1,937,000 after buying an additional 19,973 shares in the last quarter. World Investment Advisors acquired a new position in shares of Global X MLP & Energy Infrastructure ETF during the fourth quarter worth about $315,000. Beacon Pointe Advisors LLC increased its stake in shares of Global X MLP & Energy Infrastructure ETF by 33.6% during the fourth quarter. Beacon Pointe Advisors LLC now owns 11,519 shares of the company’s stock worth $697,000 after buying an additional 2,895 shares during the period. Finally, EP Wealth Advisors LLC purchased a new stake in shares of Global X MLP & Energy Infrastructure ETF during the fourth quarter worth approximately $552,000.

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.