Gradient Investments LLC Has $23.15 Million Stock Position in Global X MLP ETF $MLPA

Gradient Investments LLC increased its holdings in shares of Global X MLP ETF (NYSEARCA:MLPA) by 3.4% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 436,144 shares of the company’s stock after buying an additional 14,343 shares during the quarter. Gradient Investments LLC owned 1.09% of Global X MLP ETF worth $23,151,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of MLPA. Foundations Investment Advisors LLC raised its stake in Global X MLP ETF by 4,705.6% during the fourth quarter. Foundations Investment Advisors LLC now owns 254,505 shares of the company’s stock worth $12,321,000 after acquiring an additional 249,209 shares in the last quarter. Greenspring Advisors LLC boosted its stake in shares of Global X MLP ETF by 5,502.2% in the 4th quarter. Greenspring Advisors LLC now owns 236,859 shares of the company’s stock valued at $11,466,000 after purchasing an additional 232,631 shares in the last quarter. Quadrature Capital Ltd boosted its stake in shares of Global X MLP ETF by 2,831.8% in the 4th quarter. Quadrature Capital Ltd now owns 160,544 shares of the company’s stock valued at $7,772,000 after purchasing an additional 155,068 shares in the last quarter. Matrix Private Capital Group LLC bought a new stake in shares of Global X MLP ETF during the 1st quarter valued at approximately $7,641,000. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in shares of Global X MLP ETF by 29,373.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 135,874 shares of the company’s stock valued at $6,578,000 after purchasing an additional 135,413 shares during the last quarter.

Global X MLP ETF Price Performance

MLPA stock opened at $55.92 on Friday. The company has a 50 day simple moving average of $54.38 and a 200 day simple moving average of $53.80. The stock has a market cap of $2.26 billion, a price-to-earnings ratio of 14.42 and a beta of 0.45. Global X MLP ETF has a 1 year low of $46.39 and a 1 year high of $56.88.

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.