Rockland Trust Co. Trims Position in Global X MLP ETF (NYSEARCA:MLPA)

Rockland Trust Co. lessened its holdings in shares of Global X MLP ETF (NYSEARCA:MLPA) by 11.3% in the third quarter, Holdings Channel reports. The firm owned 22,449 shares of the company’s stock after selling 2,869 shares during the period. Rockland Trust Co.’s holdings in Global X MLP ETF were worth $1,077,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the stock. Austin Wealth Management LLC boosted its holdings in shares of Global X MLP ETF by 4.0% during the fourth quarter. Austin Wealth Management LLC now owns 6,706 shares of the company’s stock valued at $309,000 after acquiring an additional 260 shares during the period. LGL Partners LLC grew its position in Global X MLP ETF by 1.9% in the 2nd quarter. LGL Partners LLC now owns 15,665 shares of the company’s stock worth $760,000 after purchasing an additional 294 shares during the last quarter. J.W. Cole Advisors Inc. increased its stake 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 during the period. Commonwealth Equity Services LLC raised its holdings in shares of Global X MLP ETF by 1.1% during the first quarter. Commonwealth Equity Services LLC now owns 52,813 shares of the company’s stock valued at $2,547,000 after buying an additional 567 shares during the last quarter. Finally, Rothschild Investment LLC acquired a new position in shares of Global X MLP ETF during the second quarter worth approximately $30,000.

Global X MLP ETF Stock Performance

Shares of NYSEARCA:MLPA traded down $0.24 on Friday, hitting $48.48. The company’s stock had a trading volume of 57,463 shares, compared to its average volume of 124,291. Global X MLP ETF has a 12 month low of $43.02 and a 12 month high of $50.10. The company has a market capitalization of $1.64 billion, a price-to-earnings ratio of 12.27 and a beta of 0.37. The stock’s 50-day moving average is $47.61 and its two-hundred day moving average is $47.79.

About Global X MLP ETF

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.