Gradient Investments LLC Sells 37,133 Shares of Global X MLP ETF $MLPA

Gradient Investments LLC decreased its stake in Global X MLP ETF (NYSEARCA:MLPA) by 8.0% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 426,189 shares of the company’s stock after selling 37,133 shares during the quarter. Gradient Investments LLC’s holdings in Global X MLP ETF were worth $22,690,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. Venture Visionary Partners LLC purchased a new stake in shares of Global X MLP ETF during the 3rd quarter worth about $230,000. Worth Asset Management LLC acquired a new stake in Global X MLP ETF in the third quarter valued at approximately $261,000. Heartwood Wealth Advisors LLC acquired a new stake in Global X MLP ETF in the third quarter valued at approximately $266,000. Pinnacle Wealth Management Advisory Group LLC grew its position in Global X MLP ETF by 19.1% in the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 6,236 shares of the company’s stock worth $331,000 after acquiring an additional 1,000 shares in the last quarter. Finally, NewEdge Advisors LLC grew its position in Global X MLP ETF by 1.9% in the second quarter. NewEdge Advisors LLC now owns 121,318 shares of the company’s stock worth $6,440,000 after acquiring an additional 2,298 shares in the last quarter.

Global X MLP ETF Stock Performance

Shares of Global X MLP ETF stock traded up $0.48 during midday trading on Thursday, reaching $54.26. 95,018 shares of the company’s stock traded hands, compared to its average volume of 233,358. The company has a market cap of $2.29 billion, a price-to-earnings ratio of 14.42 and a beta of 0.49. The company’s 50 day simple moving average is $56.06 and its 200 day simple moving average is $54.84. Global X MLP ETF has a 52 week low of $46.39 and a 52 week high of $58.00.

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.