Financial Advocates Investment Management Grows Stock Holdings in Global X MLP ETF (NYSEARCA:MLPA)

Financial Advocates Investment Management boosted its stake in shares of Global X MLP ETF (NYSEARCA:MLPA) by 74.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 36,432 shares of the company’s stock after purchasing an additional 15,489 shares during the period. Financial Advocates Investment Management owned about 0.11% of Global X MLP ETF worth $1,800,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Truist Financial Corp bought a new position in shares of Global X MLP ETF during the 2nd quarter valued at $838,000. Sanctuary Advisors LLC purchased a new stake in Global X MLP ETF during the second quarter valued at $287,000. Guild Investment Management Inc. increased its position in Global X MLP ETF by 3.8% during the third quarter. Guild Investment Management Inc. now owns 47,350 shares of the company’s stock valued at $2,272,000 after acquiring an additional 1,750 shares during the last quarter. Strong Tower Advisory Services lifted its holdings in Global X MLP ETF by 383.6% in the third quarter. Strong Tower Advisory Services now owns 36,420 shares of the company’s stock valued at $1,747,000 after acquiring an additional 28,889 shares during the period. Finally, Fermata Advisors LLC boosted its position in Global X MLP ETF by 11.8% in the third quarter. Fermata Advisors LLC now owns 11,660 shares of the company’s stock worth $559,000 after purchasing an additional 1,232 shares during the last quarter.

Global X MLP ETF Stock Down 1.4 %

NYSEARCA MLPA opened at $53.79 on Friday. The company has a 50-day moving average price of $51.13 and a 200-day moving average price of $49.15. Global X MLP ETF has a 52 week low of $44.49 and a 52 week high of $54.53. The firm has a market capitalization of $1.82 billion, a P/E ratio of 12.27 and a beta of 0.37.

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.