Advocacy Wealth Management Services LLC Reduces Stake in Global X MLP ETF (NYSEARCA:MLPA)

Advocacy Wealth Management Services LLC lowered its stake in Global X MLP ETF (NYSEARCA:MLPA) by 17.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 184,875 shares of the company’s stock after selling 38,953 shares during the period. Global X MLP ETF makes up approximately 1.2% of Advocacy Wealth Management Services LLC’s investment portfolio, making the stock its 18th biggest position. Advocacy Wealth Management Services LLC owned 0.18% of Global X MLP ETF worth $1,631,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Wells Fargo & Company MN grew its position in Global X MLP ETF by 14.6% in the first quarter. Wells Fargo & Company MN now owns 9,047,507 shares of the company’s stock worth $80,252,000 after acquiring an additional 1,151,017 shares in the last quarter. Envestnet Asset Management Inc. grew its position in Global X MLP ETF by 17.2% in the first quarter. Envestnet Asset Management Inc. now owns 1,872,702 shares of the company’s stock worth $16,611,000 after acquiring an additional 275,067 shares in the last quarter. First Allied Advisory Services Inc. grew its position in Global X MLP ETF by 1,335.8% in the fourth quarter. First Allied Advisory Services Inc. now owns 1,754,640 shares of the company’s stock worth $13,450,000 after acquiring an additional 1,632,437 shares in the last quarter. ST Germain D J Co. Inc. grew its position in Global X MLP ETF by 2.0% in the first quarter. ST Germain D J Co. Inc. now owns 1,412,729 shares of the company’s stock worth $12,531,000 after acquiring an additional 27,710 shares in the last quarter. Finally, Raymond James & Associates grew its position in Global X MLP ETF by 95.4% in the first quarter. Raymond James & Associates now owns 580,327 shares of the company’s stock worth $5,147,000 after acquiring an additional 283,301 shares in the last quarter.

MLPA traded down $0.01 on Tuesday, hitting $9.13. The company had a trading volume of 491,502 shares, compared to its average volume of 756,051. Global X MLP ETF has a 12-month low of $7.27 and a 12-month high of $10.26. The company’s fifty day moving average is $8.85.

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Institutional Ownership by Quarter for Global X MLP ETF (NYSEARCA:MLPA)

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