Global X MLP ETF $MLPA Shares Sold by Advisors Management Group Inc. ADV

Advisors Management Group Inc. ADV lessened its stake in shares of Global X MLP ETF (NYSEARCA:MLPA) by 7.6% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 218,405 shares of the company’s stock after selling 17,891 shares during the quarter. Global X MLP ETF comprises approximately 2.1% of Advisors Management Group Inc. ADV’s holdings, making the stock its 9th largest position. Advisors Management Group Inc. ADV’s holdings in Global X MLP ETF were worth $11,765,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Exchange Traded Concepts LLC boosted its holdings in shares of Global X MLP ETF by 5.7% during the 4th quarter. Exchange Traded Concepts LLC now owns 186,220 shares of the company’s stock worth $9,015,000 after buying an additional 10,088 shares during the period. Greenspring Advisors LLC raised its holdings in Global X MLP ETF by 5,502.2% in the 4th quarter. Greenspring Advisors LLC now owns 236,859 shares of the company’s stock worth $11,466,000 after acquiring an additional 232,631 shares during the period. Puff Wealth Management LLC bought a new position in Global X MLP ETF in the 4th quarter worth $608,000. Rockefeller Capital Management L.P. lifted its position in Global X MLP ETF by 31.1% during the 4th quarter. Rockefeller Capital Management L.P. now owns 399,223 shares of the company’s stock worth $19,326,000 after acquiring an additional 94,623 shares during the last quarter. Finally, Gradient Investments LLC lifted its position in Global X MLP ETF by 2.4% during the 4th quarter. Gradient Investments LLC now owns 458,127 shares of the company’s stock worth $22,178,000 after acquiring an additional 10,858 shares during the last quarter.

Global X MLP ETF Price Performance

MLPA stock opened at $54.10 on Friday. Global X MLP ETF has a 52-week low of $46.39 and a 52-week high of $56.53. The company has a 50-day moving average of $54.00 and a two-hundred day moving average of $52.84. The stock has a market capitalization of $2.17 billion, a price-to-earnings ratio of 14.42 and a beta of 0.45.

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.