Global X MLP ETF (NYSEARCA:MLPA) Shares Purchased by Financial Advocates Investment Management

Financial Advocates Investment Management increased its position in shares of Global X MLP ETF (NYSEARCA:MLPA) by 23.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,943 shares of the company’s stock after purchasing an additional 3,916 shares during the period. Financial Advocates Investment Management owned 0.06% of Global X MLP ETF worth $1,005,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MLPA. Evergreen Capital Management LLC acquired a new stake in Global X MLP ETF during the second quarter worth about $23,028,000. Raymond James & Associates increased its position in Global X MLP ETF by 38.6% during the third quarter. Raymond James & Associates now owns 465,116 shares of the company’s stock worth $22,316,000 after purchasing an additional 129,449 shares during the last quarter. Gradient Investments LLC increased its position in Global X MLP ETF by 18.6% during the second quarter. Gradient Investments LLC now owns 616,720 shares of the company’s stock worth $29,911,000 after purchasing an additional 96,852 shares during the last quarter. Cetera Investment Advisers increased its position in Global X MLP ETF by 44.0% during the first quarter. Cetera Investment Advisers now owns 295,725 shares of the company’s stock worth $14,260,000 after purchasing an additional 90,297 shares during the last quarter. Finally, Cetera Advisors LLC boosted its stake in Global X MLP ETF by 164.1% during the first quarter. Cetera Advisors LLC now owns 98,179 shares of the company’s stock worth $4,734,000 after buying an additional 61,003 shares during the period.

Global X MLP ETF Price Performance

Shares of MLPA stock opened at $47.48 on Friday. The firm has a market cap of $1.61 billion, a PE ratio of 12.27 and a beta of 0.37. The company has a 50-day moving average of $47.88 and a two-hundred day moving average of $47.78. Global X MLP ETF has a 1-year low of $43.40 and a 1-year high of $50.10.

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.