Global X MLP ETF $MLPA Position Lessened by Naviter Wealth LLC

Naviter Wealth LLC decreased its stake in Global X MLP ETF (NYSEARCA:MLPA) by 25.2% during the 2nd quarter, HoldingsChannel reports. The firm owned 22,549 shares of the company’s stock after selling 7,595 shares during the period. Naviter Wealth LLC’s holdings in Global X MLP ETF were worth $1,132,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. Endowment Wealth Management Inc. lifted its holdings in shares of Global X MLP ETF by 9.8% in the 2nd quarter. Endowment Wealth Management Inc. now owns 11,911 shares of the company’s stock worth $598,000 after purchasing an additional 1,067 shares during the last quarter. Astoria Portfolio Advisors LLC. lifted its holdings in shares of Global X MLP ETF by 134.8% in the 2nd quarter. Astoria Portfolio Advisors LLC. now owns 24,272 shares of the company’s stock worth $1,226,000 after purchasing an additional 13,934 shares during the last quarter. Almanack Investment Partners LLC. lifted its holdings in shares of Global X MLP ETF by 3.0% in the 2nd quarter. Almanack Investment Partners LLC. now owns 126,452 shares of the company’s stock worth $6,348,000 after purchasing an additional 3,725 shares during the last quarter. Strong Tower Advisory Services raised its stake in Global X MLP ETF by 6.1% during the 2nd quarter. Strong Tower Advisory Services now owns 46,311 shares of the company’s stock valued at $2,325,000 after acquiring an additional 2,669 shares in the last quarter. Finally, Blue Trust Inc. raised its stake in Global X MLP ETF by 230.0% during the 2nd quarter. Blue Trust Inc. now owns 1,099 shares of the company’s stock valued at $55,000 after acquiring an additional 766 shares in the last quarter.

Global X MLP ETF Price Performance

Shares of Global X MLP ETF stock opened at $47.12 on Wednesday. The business’s fifty day moving average price is $49.02 and its two-hundred day moving average price is $49.63. The company has a market capitalization of $1.77 billion, a P/E ratio of 14.42 and a beta of 1.40. Global X MLP ETF has a 1-year low of $45.09 and a 1-year high of $54.53.

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.