Gradient Investments LLC Lowers Stock Position in Global X MLP ETF (NYSEARCA:MLPA)

Gradient Investments LLC cut its holdings in Global X MLP ETF (NYSEARCA:MLPA) by 37.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 413,584 shares of the company’s stock after selling 252,313 shares during the quarter. Gradient Investments LLC’s holdings in Global X MLP ETF were worth $20,435,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Raymond James & Associates grew its holdings in Global X MLP ETF by 38.6% in 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 period. Rockefeller Capital Management L.P. boosted its position in shares of Global X MLP ETF by 0.3% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 319,424 shares of the company’s stock worth $15,326,000 after purchasing an additional 844 shares in the last quarter. Cetera Investment Advisers increased its position in Global X MLP ETF by 3.1% during the 2nd quarter. Cetera Investment Advisers now owns 304,763 shares of the company’s stock valued at $14,781,000 after buying an additional 9,038 shares in the last quarter. Advisors Management Group Inc. ADV raised its stake in Global X MLP ETF by 4.4% during the fourth quarter. Advisors Management Group Inc. ADV now owns 244,814 shares of the company’s stock valued at $12,096,000 after buying an additional 10,355 shares during the last quarter. Finally, Tectonic Advisors LLC raised its stake in Global X MLP ETF by 9.3% during the third quarter. Tectonic Advisors LLC now owns 231,423 shares of the company’s stock valued at $11,104,000 after buying an additional 19,700 shares during the last quarter.

Global X MLP ETF Trading Up 0.5 %

NYSEARCA MLPA opened at $53.36 on Friday. Global X MLP ETF has a 12 month low of $44.49 and a 12 month high of $54.02. The stock’s fifty day moving average price is $50.65 and its 200-day moving average price is $48.92. The stock has a market cap of $1.80 billion, a P/E ratio of 12.27 and a beta of 0.37.

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.