Apollon Wealth Management LLC Sells 229 Shares of Global X MLP ETF $MLPA

Apollon Wealth Management LLC lessened its position in Global X MLP ETF (NYSEARCA:MLPA) by 1.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,806 shares of the company’s stock after selling 229 shares during the quarter. Apollon Wealth Management LLC’s holdings in Global X MLP ETF were worth $743,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. LPL Financial LLC increased its stake in Global X MLP ETF by 15.9% in the first quarter. LPL Financial LLC now owns 885,205 shares of the company’s stock valued at $47,119,000 after acquiring an additional 121,466 shares during the last quarter. Raymond James Financial Inc. increased its stake in Global X MLP ETF by 9.7% in the first quarter. Raymond James Financial Inc. now owns 751,173 shares of the company’s stock valued at $39,985,000 after acquiring an additional 66,168 shares during the last quarter. Gradient Investments LLC increased its stake in Global X MLP ETF by 1.1% in the second quarter. Gradient Investments LLC now owns 435,103 shares of the company’s stock valued at $21,842,000 after acquiring an additional 4,751 shares during the last quarter. Cetera Investment Advisers increased its stake in Global X MLP ETF by 4.0% in the first quarter. Cetera Investment Advisers now owns 374,434 shares of the company’s stock valued at $19,931,000 after acquiring an additional 14,299 shares during the last quarter. Finally, Tectonic Advisors LLC increased its stake in Global X MLP ETF by 9.2% in the second quarter. Tectonic Advisors LLC now owns 272,364 shares of the company’s stock valued at $13,673,000 after acquiring an additional 23,000 shares during the last quarter.

Global X MLP ETF Stock Up 0.7%

MLPA opened at $47.44 on Thursday. The stock has a market cap of $1.78 billion, a PE ratio of 14.42 and a beta of 1.40. Global X MLP ETF has a 52 week low of $45.09 and a 52 week high of $54.53. The business’s fifty day simple moving average is $48.96 and its 200 day simple moving average is $49.61.

Global X MLP ETF Company Profile

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.