Demars Financial Group LLC Purchases Shares of 608,525 Global X MLP ETF (NYSEARCA:MLPA)

Demars Financial Group LLC acquired a new position in Global X MLP ETF (NYSEARCA:MLPA) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 608,525 shares of the company’s stock, valued at approximately $32,392,000. Demars Financial Group LLC owned 1.72% of Global X MLP ETF as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in MLPA. NBC Securities Inc. bought a new position in shares of Global X MLP ETF during the first quarter valued at approximately $34,000. Flagship Wealth Advisors LLC purchased a new stake in shares of Global X MLP ETF in the 4th quarter worth about $37,000. Heck Capital Advisors LLC purchased a new stake in shares of Global X MLP ETF in the 4th quarter worth about $61,000. Capital Advisors Ltd. LLC boosted its stake in shares of Global X MLP ETF by 54.4% during the 4th quarter. Capital Advisors Ltd. LLC now owns 1,666 shares of the company’s stock valued at $82,000 after purchasing an additional 587 shares in the last quarter. Finally, AdvisorNet Financial Inc purchased a new position in shares of Global X MLP ETF during the first quarter valued at about $102,000.

Global X MLP ETF Price Performance

MLPA stock opened at $50.45 on Tuesday. The firm has a 50-day moving average of $49.63 and a 200 day moving average of $50.99. The company has a market cap of $1.80 billion, a P/E ratio of 13.36 and a beta of 0.60. Global X MLP ETF has a 1 year low of $45.09 and a 1 year high of $54.53.

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.