Arete Wealth Advisors LLC Trims Stake in Global X MLP ETF (NYSEARCA:MLPA)

Arete Wealth Advisors LLC decreased its stake in shares of Global X MLP ETF (NYSEARCA:MLPA) by 23.4% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,510 shares of the company’s stock after selling 2,898 shares during the period. Arete Wealth Advisors LLC’s holdings in Global X MLP ETF were worth $454,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. LPL Financial LLC boosted its stake in shares of Global X MLP ETF by 1.6% during the second quarter. LPL Financial LLC now owns 684,407 shares of the company’s stock valued at $33,194,000 after acquiring an additional 10,686 shares during the last quarter. Gradient Investments LLC boosted its stake in shares of Global X MLP ETF by 18.6% during the 2nd quarter. Gradient Investments LLC now owns 616,720 shares of the company’s stock worth $29,911,000 after purchasing an additional 96,852 shares during the last quarter. Evergreen Capital Management LLC purchased a new stake in shares of Global X MLP ETF during the second quarter worth about $23,028,000. Raymond James & Associates raised its position in shares of Global X MLP ETF by 38.6% in the third quarter. Raymond James & Associates now owns 465,116 shares of the company’s stock valued at $22,316,000 after buying an additional 129,449 shares during the last quarter. Finally, Rockefeller Capital Management L.P. lifted its stake in shares of Global X MLP ETF by 0.3% during the third quarter. Rockefeller Capital Management L.P. now owns 319,424 shares of the company’s stock valued at $15,326,000 after buying an additional 844 shares during the period.

Global X MLP ETF Stock Performance

Shares of NYSEARCA MLPA opened at $50.47 on Friday. The firm’s 50 day moving average price is $49.14 and its 200 day moving average price is $48.28. The firm has a market cap of $1.71 billion, a P/E ratio of 12.27 and a beta of 0.37. Global X MLP ETF has a 1 year low of $43.44 and a 1 year high of $52.61.

Global X MLP ETF Company Profile

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.