Gradient Investments LLC trimmed its position in Global X MLP ETF (NYSEARCA:MLPA – Free Report) by 8.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 426,189 shares of the company’s stock after selling 37,133 shares during the quarter. Gradient Investments LLC owned approximately 1.01% of Global X MLP ETF worth $22,690,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in MLPA. Field & Main Bank purchased a new stake in shares of Global X MLP ETF in the 2nd quarter valued at approximately $99,000. Turtle Creek Wealth Advisors LLC purchased a new position in Global X MLP ETF during the 1st quarter worth approximately $102,000. NBH Bank acquired a new stake in Global X MLP ETF during the 2nd quarter valued at $119,000. Stillwater Private Wealth LLC acquired a new stake in Global X MLP ETF during the 1st quarter valued at $200,000. Finally, LifeGoal Investments LLC purchased a new stake in shares of Global X MLP ETF in the second quarter valued at $214,000.
Global X MLP ETF Stock Up 0.9%
Shares of Global X MLP ETF stock traded up $0.48 during midday trading on Thursday, hitting $54.26. The company’s stock had a trading volume of 95,018 shares, compared to its average volume of 233,358. Global X MLP ETF has a 1-year low of $46.39 and a 1-year high of $58.00. The firm has a market capitalization of $2.29 billion, a P/E ratio of 14.42 and a beta of 0.49. The stock has a 50-day simple moving average of $56.06 and a 200-day simple moving average of $54.84.
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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