Image Source: PixabayFor investors seeking momentum, GX MLP ETF (MLPA) is probably on the radar. The fund just hit a 52-week high and is up 15.61% from its 52-week low price of $39.52/share.But are more gains in store for this ETF? Let’s take a quick look at the fund and the near-term outlook on it to get a better idea of where it might be headed:MLPA in FocusThe underlying Solactive MLP Infrastructure Index tracks the price movements in shares of companies that are structured as MLP and are engaged in owning and operating assets used in energy logistics. It invests in midstream pipelines and storage facilities that have less sensitivity to energy prices. The product charges 45 bps in annual fee.Why the Move?The recent surge in oil prices has put master limited partnership (MLP) corner of the global energy market under the spotlight. MLPs often provide their investors with profitable cash payments, making them an attractive option for income-oriented investors. Besides offering attractive yields and the possibility of capital appreciation, MLPs also exhibit reduced volatility and contribute diversification advantages to the investment portfolio.More Gains Ahead?The fund might continue its strong performance in the near term. A positive weighted alpha of 7.7, which gives cues of a further rally.More By This Author:Lucid To Report Q3 Earnings: What’s In The Offing? FedEx Increases Yet Falls Behind Market: What Investors Need to KnowTime to Buy Stock in These 2 Attractive Industry Leaders After Earnings
