Fifth Third Bancorp Makes New $5.89 Million Investment in Global X MLP ETF $MLPA

Fifth Third Bancorp bought a new position in Global X MLP ETF (NYSEARCA:MLPA) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 109,265 shares of the company’s stock, valued at approximately $5,886,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Goldman Sachs Group Inc. bought a new position in Global X MLP ETF in the 1st quarter worth about $761,000. Empowered Funds LLC purchased a new stake in Global X MLP ETF during the 1st quarter valued at about $1,555,000. Cerity Partners LLC increased its stake in Global X MLP ETF by 17.1% during the 2nd quarter. Cerity Partners LLC now owns 41,365 shares of the company’s stock valued at $2,077,000 after purchasing an additional 6,033 shares in the last quarter. Qube Research & Technologies Ltd increased its stake in Global X MLP ETF by 94.5% during the 2nd quarter. Qube Research & Technologies Ltd now owns 10,418 shares of the company’s stock valued at $523,000 after purchasing an additional 5,061 shares in the last quarter. Finally, NewEdge Advisors LLC raised its holdings in Global X MLP ETF by 8.5% in the second quarter. NewEdge Advisors LLC now owns 89,230 shares of the company’s stock worth $4,479,000 after buying an additional 7,010 shares during the last quarter.

Global X MLP ETF Stock Performance

Shares of Global X MLP ETF stock opened at $55.37 on Friday. The company has a 50-day simple moving average of $54.00 and a two-hundred day simple moving average of $53.05. The stock has a market capitalization of $2.23 billion, a PE ratio of 14.42 and a beta of 0.45. Global X MLP ETF has a 52-week low of $46.39 and a 52-week high of $56.53.

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.