Silver Oak Securities Incorporated Has $620,000 Position in Global X MLP ETF (NYSEARCA:MLPA)

Silver Oak Securities Incorporated lessened its holdings in shares of Global X MLP ETF (NYSEARCA:MLPA) by 26.8% during the 3rd quarter, HoldingsChannel reports. The firm owned 13,010 shares of the company’s stock after selling 4,755 shares during the period. Silver Oak Securities Incorporated’s holdings in Global X MLP ETF were worth $620,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of MLPA. Tectonic Advisors LLC lifted its stake in Global X MLP ETF by 9.3% in 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 in the last quarter. Raymond James & Associates lifted its position in Global X MLP ETF by 38.6% in the 3rd quarter. Raymond James & Associates now owns 465,116 shares of the company’s stock valued at $22,316,000 after acquiring an additional 129,449 shares in the last quarter. Friedenthal Financial boosted its stake in Global X MLP ETF by 2.1% in the 3rd quarter. Friedenthal Financial now owns 12,060 shares of the company’s stock worth $579,000 after purchasing an additional 251 shares during the period. RFG Advisory LLC increased its holdings in Global X MLP ETF by 1.6% during the 3rd quarter. RFG Advisory LLC now owns 156,668 shares of the company’s stock worth $7,517,000 after purchasing an additional 2,475 shares in the last quarter. Finally, Good Life Advisors LLC raised its stake in shares of Global X MLP ETF by 161.9% in the 3rd quarter. Good Life Advisors LLC now owns 15,678 shares of the company’s stock valued at $752,000 after purchasing an additional 9,692 shares during the period.

Global X MLP ETF Price Performance

Shares of Global X MLP ETF stock opened at $47.80 on Friday. The firm has a market cap of $1.62 billion, a price-to-earnings ratio of 12.27 and a beta of 0.37. The stock’s 50-day moving average is $47.87 and its 200-day moving average is $47.77. Global X MLP ETF has a one year low of $43.40 and a one year high of $50.10.

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.