Investor Alert

Market Pulse Archives

Aug. 4, 2020, 12:22 p.m. EDT

MLP ETFs touch 2-month highs on oil price rebound

Watchlist Relevance

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Crude Oil Continuous Contract (CL00)
  • X
    Global X MLP & Energy Infrastructure ETF (MLPX)
  • X
    VanEck Vectors Energy Income ETF (EINC)

or Cancel Already have a watchlist? Log In

By Andrea Riquier

Exchange-traded funds tied to energy infrastructure outperformed Tuesday, as the oil price /zigman2/quotes/209723049/delayed CL00 -0.12% regained some ground and more data confirmed the economic rebound. The Global X MLP & Energy Infrastructure ETF /zigman2/quotes/203163800/composite MLPX +0.05% and the Van Eck Vectors Energy Income ETF /zigman2/quotes/200115253/composite EINC +1.36% were both up 3.2% at midday and were both on track for their best week since June 5. The Alerian Energy Infrastructure ETF /zigman2/quotes/204133588/composite ENFR +0.03% was up more than 3.3%. MLPs, or master limited partnerships, are an investment structure popular among energy infrastructure companies - those that manage things like storage, production, and transportation. They can be an income investing play: the Van Eck ETF has a trailing 12-month yield of 10.5%, according to FactSet, for example.

US : U.S.: Nymex
$ 40.26
-0.05 -0.12%
Volume: 368.00
Sept. 24, 2020 6:07p
US : U.S.: NYSE Arca
$ 21.97
+0.01 +0.05%
Volume: 92,584
Sept. 24, 2020 4:00p
US : U.S.: NYSE Arca
$ 34.00
+0.46 +1.36%
Volume: 8,080
Sept. 24, 2020 2:24p
US : U.S.: NYSE Arca
$ 12.35
+0.0043 +0.03%
Volume: 132,249
Sept. 24, 2020 3:45p

This Story has 0 Comments
Be the first to comment
More News In

Story Conversation

Commenting FAQs »
Link to MarketWatch's Slice.