Guild Investment Management Inc. bought a new stake in Global X MLP ETF (NYSEARCA:MLPA – Free Report) during the 3rd quarter, HoldingsChannel reports. The firm bought 41,420 shares of the company’s stock, valued at approximately $2,205,000. Global X MLP ETF accounts for 1.4% of Guild Investment Management Inc.’s investment portfolio, making the stock its 23rd biggest holding.
Several other institutional investors have also modified their holdings of MLPA. Royal Bank of Canada raised its holdings in shares of Global X MLP ETF by 7.2% during the first quarter. Royal Bank of Canada now owns 403,392 shares of the company’s stock valued at $21,733,000 after acquiring an additional 26,983 shares during the last quarter. NewEdge Advisors LLC boosted its stake in shares of Global X MLP ETF by 8.2% in the first quarter. NewEdge Advisors LLC now owns 119,020 shares of the company’s stock worth $6,412,000 after acquiring an additional 9,010 shares during the last quarter. Morton Capital Management LLC CA acquired a new stake in shares of Global X MLP ETF in the third quarter worth approximately $672,000. Gradient Investments LLC boosted its stake in shares of 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 acquiring an additional 14,343 shares during the last quarter. Finally, Matrix Private Capital Group LLC purchased a new stake in shares of Global X MLP ETF during the first quarter worth approximately $7,641,000.
Global X MLP ETF Stock Performance
Shares of MLPA opened at $51.86 on Friday. The stock has a 50 day moving average price of $55.02 and a 200 day moving average price of $54.32. Global X MLP ETF has a one year low of $47.01 and a one year high of $58.00. The stock has a market capitalization of $2.28 billion, a price-to-earnings ratio of 14.42 and a beta of 0.48.
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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