Fifth Third Bancorp Purchases Shares of 109,265 Global X MLP ETF $MLPA

Fifth Third Bancorp acquired a new position in Global X MLP ETF (NYSEARCA:MLPA) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 109,265 shares of the company’s stock, valued at approximately $5,886,000. Fifth Third Bancorp owned 0.27% of Global X MLP ETF as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of MLPA. Turtle Creek Wealth Advisors LLC purchased a new position in shares of Global X MLP ETF during the first quarter valued at approximately $102,000. NBC Securities Inc. raised its holdings in shares of Global X MLP ETF by 9.7% during the fourth quarter. NBC Securities Inc. now owns 2,683 shares of the company’s stock valued at $130,000 after acquiring an additional 238 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in Global X MLP ETF by 541.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,957 shares of the company’s stock worth $143,000 after acquiring an additional 2,496 shares during the period. Newbridge Financial Services Group Inc. lifted its stake in Global X MLP ETF by 1,461.2% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 3,060 shares of the company’s stock worth $148,000 after acquiring an additional 2,864 shares during the period. Finally, Smartleaf Asset Management LLC boosted its holdings in Global X MLP ETF by 367.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 4,397 shares of the company’s stock valued at $213,000 after acquiring an additional 3,456 shares in the last quarter.

Global X MLP ETF Stock Up 1.4%

NYSEARCA:MLPA opened at $55.37 on Friday. The firm’s fifty day simple moving average is $54.00 and its 200 day simple moving average is $53.05. The stock has a market cap of $2.23 billion, a P/E ratio of 14.42 and a beta of 0.45. Global X MLP ETF has a twelve month low of $46.39 and a twelve month high of $56.53.

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.