Madison Asset Management LLC Sells 10,115 Shares of Global X MLP ETF $MLPA

Madison Asset Management LLC lessened its stake in Global X MLP ETF (NYSEARCA:MLPA) by 5.2% in the first quarter, Holdings Channel.com reports. The institutional investor owned 186,095 shares of the company’s stock after selling 10,115 shares during the quarter. Madison Asset Management LLC’s holdings in Global X MLP ETF were worth $10,025,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Global X MLP ETF during the 1st quarter valued at $102,000. NBC Securities Inc. grew its position in Global X MLP ETF by 9.7% in the fourth quarter. NBC Securities Inc. now owns 2,683 shares of the company’s stock worth $130,000 after acquiring an additional 238 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in Global X MLP ETF by 541.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,957 shares of the company’s stock valued at $143,000 after acquiring an additional 2,496 shares during the last quarter. Newbridge Financial Services Group Inc. increased its stake in Global X MLP ETF by 1,461.2% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 3,060 shares of the company’s stock valued at $148,000 after acquiring an additional 2,864 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its position in Global X MLP ETF by 367.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 4,397 shares of the company’s stock valued at $213,000 after purchasing an additional 3,456 shares in the last quarter.

Global X MLP ETF Stock Down 0.2%

NYSEARCA MLPA opened at $55.66 on Wednesday. The stock’s 50-day simple moving average is $54.08 and its two-hundred day simple moving average is $53.21. Global X MLP ETF has a twelve month low of $46.39 and a twelve month high of $56.53. The company has a market capitalization of $2.25 billion, a price-to-earnings ratio of 14.42 and a beta of 0.45.

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.