Kingsview Wealth Management LLC Invests $2.60 Million in Global X MLP ETF (NYSEARCA:MLPA)

Kingsview Wealth Management LLC bought a new position in shares of Global X MLP ETF (NYSEARCA:MLPA) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 53,831 shares of the company’s stock, valued at approximately $2,596,000. Kingsview Wealth Management LLC owned about 0.16% of Global X MLP ETF as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently made changes to their positions in the company. Simplex Trading LLC boosted its holdings in Global X MLP ETF by 81.5% in the fourth quarter. Simplex Trading LLC now owns 915 shares of the company’s stock valued at $40,000 after acquiring an additional 411 shares during the last quarter. Park Place Capital Corp bought a new position in Global X MLP ETF in the first quarter valued at about $53,000. Heritage Wealth Advisors bought a new position in Global X MLP ETF in the fourth quarter valued at about $52,000. Montag A & Associates Inc. bought a new position in Global X MLP ETF in the fourth quarter valued at about $55,000. Finally, Principal Securities Inc. bought a new position in Global X MLP ETF in the fourth quarter valued at about $97,000.

Global X MLP ETF Trading Down 0.5 %

Global X MLP ETF stock traded down $0.27 during mid-day trading on Friday, hitting $49.41. The stock had a trading volume of 93,886 shares, compared to its average volume of 136,678. The stock has a 50-day simple moving average of $47.79 and a two-hundred day simple moving average of $47.08. The stock has a market capitalization of $1.67 billion, a PE ratio of 12.27 and a beta of 0.37. Global X MLP ETF has a 12 month low of $42.50 and a 12 month 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.