Steward Partners Investment Advisory LLC Lowers Stake in Global X MLP ETF (NYSEARCA:MLPA)

Steward Partners Investment Advisory LLC decreased its position in Global X MLP ETF (NYSEARCA:MLPA) by 38.5% during the 4th quarter, Holdings Channel reports. The fund owned 1,571 shares of the company’s stock after selling 984 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Global X MLP ETF were worth $78,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Columbus Macro LLC acquired a new stake in shares of Global X MLP ETF in the fourth quarter valued at about $12,358,000. Attessa Capital LLC acquired a new stake in shares of Global X MLP ETF in the fourth quarter valued at about $2,504,000. Global Retirement Partners LLC lifted its stake in shares of Global X MLP ETF by 59.5% in the fourth quarter. Global Retirement Partners LLC now owns 99,379 shares of the company’s stock valued at $4,910,000 after purchasing an additional 37,081 shares during the period. D.A. Davidson & CO. lifted its stake in shares of Global X MLP ETF by 80.5% in the fourth quarter. D.A. Davidson & CO. now owns 61,998 shares of the company’s stock valued at $3,063,000 after purchasing an additional 27,651 shares during the period. Finally, Sonora Investment Management Group LLC lifted its stake in shares of Global X MLP ETF by 26.5% in the fourth quarter. Sonora Investment Management Group LLC now owns 81,479 shares of the company’s stock valued at $4,026,000 after purchasing an additional 17,090 shares during the period.

Global X MLP ETF Trading Up 1.7 %

Shares of MLPA opened at $53.58 on Tuesday. The stock has a market cap of $1.88 billion, a P/E ratio of 14.59 and a beta of 1.29. The company has a 50-day moving average of $52.54 and a two-hundred day moving average of $50.14. Global X MLP ETF has a 12-month low of $45.28 and a 12-month 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.