23,903 Global X MLP ETF $MLPA Shares Sold by Valley National Advisers Inc.

Valley National Advisers Inc. decreased its holdings in shares of Global X MLP ETF (NYSEARCA:MLPA) by 60.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,958 shares of the company’s stock after selling 23,903 shares during the period. Valley National Advisers Inc.’s holdings in Global X MLP ETF were worth $850,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of MLPA. Morton Capital Management LLC CA bought a new stake in shares of Global X MLP ETF during the 3rd quarter valued at about $672,000. Valen Private Capital LLC bought a new position in Global X MLP ETF in the third quarter worth about $3,772,000. Sowell Financial Services LLC bought a new position in Global X MLP ETF in the third quarter worth about $528,000. Evergreen Capital Management LLC acquired a new position in Global X MLP ETF in the third quarter valued at approximately $25,760,000. Finally, Tectonic Advisors LLC acquired a new position in Global X MLP ETF in the third quarter valued at approximately $15,247,000.

Global X MLP ETF Stock Performance

Shares of NYSEARCA MLPA opened at $54.58 on Monday. The company has a market cap of $2.39 billion, a price-to-earnings ratio of 14.42 and a beta of 0.49. Global X MLP ETF has a 12-month low of $47.01 and a 12-month high of $58.00. The stock’s 50 day simple moving average is $55.54 and its 200 day simple moving average is $54.81.

About Global X MLP ETF

The Global X MLP ETF (MLPA) is an exchange-traded fund that is based on the Solactive MLP Infrastructure index, a market-cap-weighted index of US-listed midstream MLPs, and is structured as a C-corporation. MLPA was launched on Apr 18, 2012 and is managed by Global X.