Brown Financial Advisors Makes New $43,000 Investment in Global X MLP ETF (NYSEARCA:MLPA)

Brown Financial Advisors purchased a new stake in Global X MLP ETF (NYSEARCA:MLPA) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 882 shares of the company’s stock, valued at approximately $43,000.

Other institutional investors have also made changes to their positions in the company. Cetera Investment Advisers raised its holdings in shares of Global X MLP ETF by 44.0% in the first quarter. Cetera Investment Advisers now owns 295,725 shares of the company’s stock valued at $14,260,000 after buying an additional 90,297 shares during the last quarter. Stephens Inc. AR raised its holdings in shares of Global X MLP ETF by 28.5% in the fourth quarter. Stephens Inc. AR now owns 70,050 shares of the company’s stock valued at $3,103,000 after buying an additional 15,555 shares during the last quarter. Envestnet Portfolio Solutions Inc. bought a new position in shares of Global X MLP ETF in the first quarter valued at about $2,221,000. Pekin Hardy Strauss Inc. raised its holdings in shares of Global X MLP ETF by 9.9% in the second quarter. Pekin Hardy Strauss Inc. now owns 59,212 shares of the company’s stock valued at $2,872,000 after buying an additional 5,325 shares during the last quarter. Finally, Evergreen Capital Management LLC bought a new position in shares of Global X MLP ETF in the second quarter valued at about $23,028,000.

Global X MLP ETF Stock Down 0.2 %

Global X MLP ETF stock opened at $48.06 on Thursday. The stock has a 50-day simple moving average of $47.62 and a 200 day simple moving average of $47.78. Global X MLP ETF has a 12-month low of $42.78 and a 12-month high of $50.10. The stock has a market capitalization of $1.62 billion, a price-to-earnings ratio of 12.27 and a beta of 0.37.

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.