MBL Wealth LLC Acquires New Shares in Global X MLP ETF $MLPA

MBL Wealth LLC acquired a new stake in Global X MLP ETF (NYSEARCA:MLPA) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 165,496 shares of the company’s stock, valued at approximately $8,811,000. MBL Wealth LLC owned 0.39% of Global X MLP ETF at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of MLPA. Gradient Investments LLC lifted its position in shares of Global X MLP ETF by 3.4% during the 2nd quarter. Gradient Investments LLC now owns 436,144 shares of the company’s stock worth $23,151,000 after buying an additional 14,343 shares during the period. Royal Bank of Canada boosted its stake in Global X MLP ETF by 7.2% in the 1st quarter. Royal Bank of Canada now owns 403,392 shares of the company’s stock valued at $21,733,000 after buying an additional 26,983 shares in the last quarter. Cetera Investment Advisers grew its position in Global X MLP ETF by 2.3% in 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. Legacy Wealth Asset Management LLC bought a new stake in Global X MLP ETF in the third quarter valued at $12,139,000. Finally, Barry Investment Advisors LLC grew its position in Global X MLP ETF by 0.3% in 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 Price Performance

Global X MLP ETF stock opened at $53.79 on Friday. The stock has a fifty day moving average price of $55.58 and a two-hundred day moving average price of $54.80. Global X MLP ETF has a 52-week low of $47.01 and a 52-week high of $58.00. The firm has a market capitalization of $2.36 billion, a P/E ratio of 14.42 and a beta of 0.49.

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.