Adams Asset Advisors LLC Acquires New Shares in Global X MLP ETF $MLPA

Adams Asset Advisors LLC bought a new position in Global X MLP ETF (NYSEARCA:MLPA) in the third quarter, HoldingsChannel.com reports. The fund bought 67,781 shares of the company’s stock, valued at approximately $3,609,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Gradient Investments LLC boosted its stake in Global X MLP ETF by 3.4% in the 2nd quarter. Gradient Investments LLC now owns 436,144 shares of the company’s stock valued at $23,151,000 after buying an additional 14,343 shares in the last quarter. Royal Bank of Canada raised its stake in 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 worth $21,733,000 after acquiring an additional 26,983 shares in the last quarter. Rockefeller Capital Management L.P. lifted its holdings in shares of Global X MLP ETF by 31.1% during the fourth quarter. Rockefeller Capital Management L.P. now owns 399,223 shares of the company’s stock valued at $19,326,000 after acquiring an additional 94,623 shares during the period. Cetera Investment Advisers lifted its holdings in shares of Global X MLP ETF by 2.3% during the first quarter. Cetera Investment Advisers now owns 321,927 shares of the company’s stock valued at $17,342,000 after acquiring an additional 7,370 shares during the period. Finally, Barry Investment Advisors LLC lifted its holdings in shares of Global X MLP ETF by 0.3% during the first quarter. Barry Investment Advisors LLC now owns 205,014 shares of the company’s stock valued at $11,044,000 after acquiring an additional 590 shares during the period.

Global X MLP ETF Stock Performance

Shares of NYSEARCA:MLPA traded up $0.49 on Thursday, hitting $54.27. The stock had a trading volume of 216,865 shares, compared to its average volume of 234,055. The firm’s 50 day moving average price is $56.06 and its 200-day moving average price is $54.84. Global X MLP ETF has a twelve month low of $46.39 and a twelve month high of $58.00. The company has a market capitalization of $2.29 billion, a price-to-earnings ratio of 14.42 and a beta of 0.49.

Global X MLP ETF Company 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.