Janney Montgomery Scott LLC Makes New Investment in Global X MLP ETF $MLPA

Janney Montgomery Scott LLC acquired a new position in shares of Global X MLP ETF (NYSEARCA:MLPA) during the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 5,549 shares of the company’s stock, valued at approximately $279,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC grew its stake in Global X MLP ETF by 12.5% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 212,275 shares of the company’s stock valued at $11,299,000 after acquiring an additional 23,523 shares in the last quarter. Register Financial Advisors LLC purchased a new position in Global X MLP ETF during the 1st quarter valued at about $74,000. Flagship Harbor Advisors LLC purchased a new position in Global X MLP ETF during the 1st quarter valued at about $205,000. Jaffetilchin Investment Partners LLC grew its stake in Global X MLP ETF by 3,801.3% during the 1st quarter. Jaffetilchin Investment Partners LLC now owns 225,106 shares of the company’s stock valued at $11,982,000 after acquiring an additional 219,336 shares in the last quarter. Finally, Capital Advisors Wealth Management LLC grew its stake in Global X MLP ETF by 494.7% during the 1st quarter. Capital Advisors Wealth Management LLC now owns 130,429 shares of the company’s stock valued at $6,943,000 after acquiring an additional 108,496 shares in the last quarter.

Global X MLP ETF Price Performance

NYSEARCA:MLPA opened at $47.18 on Monday. Global X MLP ETF has a fifty-two week low of $45.09 and a fifty-two week high of $54.53. The stock’s 50-day moving average is $48.86 and its two-hundred day moving average is $49.48. The stock has a market cap of $1.77 billion, a PE ratio of 14.42 and a beta of 1.40.

Global X MLP ETF 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.