26,930 Shares in Global X MLP ETF $MLPA Bought by Moneco Advisors LLC

Moneco Advisors LLC purchased a new position in shares of Global X MLP ETF (NYSEARCA:MLPA) in the third quarter, Holdings Channel.com reports. The institutional investor purchased 26,930 shares of the company’s stock, valued at approximately $1,434,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in MLPA. Madrid Financial Services acquired a new stake in Global X MLP ETF in the third quarter valued at $25,780,000. Evergreen Capital Management LLC acquired a new position in Global X MLP ETF during the 3rd quarter worth $25,760,000. Tectonic Advisors LLC acquired a new position in Global X MLP ETF during the 3rd quarter worth $15,247,000. Legacy Wealth Asset Management LLC bought a new stake in shares of Global X MLP ETF in the 3rd quarter worth about $12,139,000. Finally, MBL Wealth LLC bought a new stake in shares of Global X MLP ETF in the 3rd quarter worth about $8,811,000.

Global X MLP ETF Stock Performance

Shares of Global X MLP ETF stock opened at $52.14 on Thursday. The firm has a market cap of $2.27 billion, a PE ratio of 11.87 and a beta of 0.44. The firm’s 50-day simple moving average is $54.70 and its 200-day simple moving average is $54.34. Global X MLP ETF has a 1 year low of $47.52 and a 1 year 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.