Pinnacle Associates Ltd. trimmed its position in shares of Global X MLP ETF (NYSEARCA:MLPA – Free Report) by 3.7% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 79,000 shares of the company’s stock after selling 3,012 shares during the period. Pinnacle Associates Ltd.’s holdings in Global X MLP ETF were worth $3,966,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Legend Financial Advisors Inc. acquired a new stake in Global X MLP ETF during the second quarter worth about $25,000. CWM LLC acquired a new stake in shares of Global X MLP ETF in the 1st quarter valued at approximately $42,000. SouthState Corp acquired a new stake in shares of Global X MLP ETF in the 1st quarter valued at approximately $52,000. Blue Trust Inc. boosted its stake in shares of Global X MLP ETF by 230.0% in the 2nd quarter. Blue Trust Inc. now owns 1,099 shares of the company’s stock valued at $55,000 after purchasing an additional 766 shares in the last quarter. Finally, MGB Wealth Management LLC boosted its stake in shares of Global X MLP ETF by 22.6% in the 1st quarter. MGB Wealth Management LLC now owns 1,630 shares of the company’s stock valued at $87,000 after purchasing an additional 300 shares in the last quarter.
Global X MLP ETF Trading Down 0.6%
MLPA opened at $48.05 on Friday. The company’s 50 day moving average is $48.59 and its 200-day moving average is $49.49. Global X MLP ETF has a 1-year low of $45.09 and a 1-year high of $54.53. The company has a market cap of $1.80 billion, a P/E ratio of 14.42 and a beta of 0.64.
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.
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