Global Wealth Management Investment Advisory Inc. purchased a new stake in Global X MLP ETF (NYSEARCA:MLPA – Free Report) during the 3rd quarter, HoldingsChannel reports. The firm purchased 49,243 shares of the company’s stock, valued at approximately $2,622,000.
Several other large investors have also recently bought and sold shares of the stock. Royal Bank of Canada lifted its position in shares of Global X MLP ETF by 7.2% in the 1st quarter. Royal Bank of Canada now owns 403,392 shares of the company’s stock worth $21,733,000 after acquiring an additional 26,983 shares during the period. NewEdge Advisors LLC increased its position in shares of Global X MLP ETF by 8.2% during the 1st quarter. NewEdge Advisors LLC now owns 119,020 shares of the company’s stock worth $6,412,000 after purchasing an additional 9,010 shares in the last quarter. Morton Capital Management LLC CA bought a new position in shares of Global X MLP ETF in the third quarter valued at approximately $672,000. Adams Asset Advisors LLC acquired a new position in Global X MLP ETF in the third quarter worth $3,609,000. Finally, Gradient Investments LLC boosted its stake in Global X MLP ETF by 3.4% in the second quarter. Gradient Investments LLC now owns 436,144 shares of the company’s stock worth $23,151,000 after purchasing an additional 14,343 shares in the last quarter.
Global X MLP ETF Stock Down 1.1%
Shares of NYSEARCA:MLPA opened at $51.31 on Tuesday. The firm has a market cap of $2.23 billion, a P/E ratio of 14.42 and a beta of 0.48. Global X MLP ETF has a 12 month low of $47.23 and a 12 month high of $58.00. The company’s 50-day moving average price is $54.91 and its two-hundred day moving average price is $54.33.
Global X MLP ETF 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.
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