Morton Capital Management LLC CA bought a new position in shares of Global X MLP ETF (NYSEARCA:MLPA – Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 12,626 shares of the company’s stock, valued at approximately $672,000.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MLPA. Valen Private Capital LLC purchased a new stake in Global X MLP ETF in the third quarter valued at $3,772,000. Sowell Financial Services LLC acquired a new stake in Global X MLP ETF during the 3rd quarter worth about $528,000. Evergreen Capital Management LLC purchased a new position in shares of Global X MLP ETF during the 3rd quarter valued at about $25,760,000. Tectonic Advisors LLC purchased a new position in shares of Global X MLP ETF during the 3rd quarter valued at about $15,247,000. Finally, Capital Investment Advisors LLC purchased a new position in shares of Global X MLP ETF during the 3rd quarter valued at about $248,000.
Global X MLP ETF Stock Up 1.5%
Shares of MLPA stock opened at $54.58 on Friday. The stock has a market cap of $2.39 billion, a PE ratio of 14.42 and a beta of 0.49. The business has a 50-day simple moving average of $55.54 and a 200-day simple moving average of $54.80. Global X MLP ETF has a 52-week low of $47.01 and a 52-week high of $58.00.
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.
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