Sowell Financial Services LLC purchased a new stake in shares of Global X MLP ETF (NYSEARCA:MLPA – Free Report) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 9,920 shares of the company’s stock, valued at approximately $528,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. Royal Bank of Canada raised its holdings in Global X MLP ETF by 7.2% in the first quarter. Royal Bank of Canada now owns 403,392 shares of the company’s stock worth $21,733,000 after buying an additional 26,983 shares during the last quarter. NewEdge Advisors LLC grew its stake in 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 buying an additional 9,010 shares during the last quarter. Gradient Investments LLC lifted its holdings in shares of Global X MLP ETF by 3.4% during 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 during the period. Adams Asset Advisors LLC purchased a new stake in Global X MLP ETF during the third quarter worth about $3,609,000. Finally, Matrix Private Capital Group LLC purchased a new stake in Global X MLP ETF during the 1st quarter worth about $7,641,000.
Global X MLP ETF Stock Performance
NYSEARCA:MLPA opened at $54.35 on Tuesday. Global X MLP ETF has a 1 year low of $47.01 and a 1 year high of $58.00. The stock has a market cap of $2.39 billion, a P/E ratio of 14.42 and a beta of 0.49. The stock has a 50-day simple moving average of $55.34 and a 200-day simple moving average of $54.28.
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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