Private Advisor Group LLC Trims Holdings in Global X MLP ETF (NYSEARCA:MLPA)

Private Advisor Group LLC trimmed its stake in Global X MLP ETF (NYSEARCA:MLPA) by 35.5% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 41,889 shares of the company’s stock after selling 23,104 shares during the period. Private Advisor Group LLC owned about 0.12% of Global X MLP ETF worth $2,010,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Friedenthal Financial grew its holdings in shares of Global X MLP ETF by 2.1% in the third quarter. Friedenthal Financial now owns 12,060 shares of the company’s stock valued at $579,000 after purchasing an additional 251 shares in the last quarter. LGL Partners LLC grew its holdings in shares of Global X MLP ETF by 1.9% in the second quarter. LGL Partners LLC now owns 15,665 shares of the company’s stock valued at $760,000 after purchasing an additional 294 shares in the last quarter. Austin Wealth Management LLC grew its holdings in shares of Global X MLP ETF by 6.2% in the first quarter. Austin Wealth Management LLC now owns 7,122 shares of the company’s stock valued at $336,000 after purchasing an additional 416 shares in the last quarter. J.W. Cole Advisors Inc. grew its holdings in shares of Global X MLP ETF by 4.2% in the second quarter. J.W. Cole Advisors Inc. now owns 12,835 shares of the company’s stock valued at $622,000 after purchasing an additional 523 shares in the last quarter. Finally, Commonwealth Equity Services LLC grew its holdings in shares of Global X MLP ETF by 1.1% in the first quarter. Commonwealth Equity Services LLC now owns 52,813 shares of the company’s stock valued at $2,547,000 after purchasing an additional 567 shares in the last quarter.

Global X MLP ETF Stock Performance

Shares of MLPA stock opened at $47.54 on Wednesday. The stock has a market capitalization of $1.61 billion, a P/E ratio of 12.27 and a beta of 0.37. The company has a 50 day moving average price of $47.86 and a 200 day moving average price of $47.78. Global X MLP ETF has a fifty-two week low of $43.40 and a fifty-two week high of $50.10.

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.