Sowell Financial Services LLC Buys New Shares in Global X MLP ETF $MLPA

Sowell Financial Services LLC acquired a new position in shares of Global X MLP ETF (NYSEARCA:MLPA) in the 3rd quarter, HoldingsChannel.com reports. The fund acquired 9,920 shares of the company’s stock, valued at approximately $528,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Evergreen Capital Management LLC purchased a new position in shares of Global X MLP ETF in the 3rd quarter worth $25,760,000. Gradient Investments LLC grew its position in shares of Global X MLP ETF by 3.4% during the second 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 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 valued at $21,733,000 after buying an additional 26,983 shares in the last quarter. Cetera Investment Advisers lifted its stake in Global X MLP ETF by 2.3% during the first quarter. Cetera Investment Advisers now owns 321,927 shares of the company’s stock worth $17,342,000 after purchasing an additional 7,370 shares during the last quarter. Finally, Tectonic Advisors LLC acquired a new position in shares of Global X MLP ETF in the 3rd quarter valued at about $15,247,000.

Global X MLP ETF Trading Down 2.7%

Shares of Global X MLP ETF stock opened at $54.35 on Tuesday. The stock has a market capitalization of $2.39 billion, a price-to-earnings ratio of 14.42 and a beta of 0.49. Global X MLP ETF has a twelve month low of $47.01 and a twelve month high of $58.00. The business’s 50 day simple moving average is $55.34 and its 200-day simple moving average is $54.28.

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.