16,000 Global X MLP ETF $MLPA Shares Bought by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. boosted its holdings in Global X MLP ETF (NYSEARCA:MLPA) by 177.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 25,000 shares of the company’s stock after acquiring an additional 16,000 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.06% of Global X MLP ETF worth $1,331,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in MLPA. Foresight Capital Management Advisors Inc. acquired a new position in Global X MLP ETF during the 3rd quarter valued at about $31,000. Triumph Capital Management purchased a new stake in shares of Global X MLP ETF in the third quarter worth approximately $33,000. Pinnacle Wealth Planning Services Inc. purchased a new stake in shares of Global X MLP ETF in the third quarter worth approximately $41,000. Field & Main Bank purchased a new stake in shares of Global X MLP ETF in the second quarter worth approximately $99,000. Finally, NBH Bank bought a new position in shares of Global X MLP ETF in the second quarter valued at approximately $119,000.

Global X MLP ETF Stock Up 0.6%

MLPA stock opened at $51.86 on Friday. The firm has a market capitalization of $2.28 billion, a PE ratio of 14.42 and a beta of 0.48. Global X MLP ETF has a twelve month low of $47.01 and a twelve month high of $58.00. The stock’s 50 day moving average is $55.02 and its 200-day moving average is $54.32.

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.