85,707 Shares in Global X MLP ETF $MLPA Bought by Point Nemo Capital LLC

Point Nemo Capital LLC acquired a new stake in Global X MLP ETF (NYSEARCA:MLPA) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 85,707 shares of the company’s stock, valued at approximately $4,563,000. Global X MLP ETF accounts for approximately 2.1% of Point Nemo Capital LLC’s investment portfolio, making the stock its 13th largest holding. Point Nemo Capital LLC owned approximately 0.20% of Global X MLP ETF as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. Endowment Wealth Management Inc. acquired a new position in shares of Global X MLP ETF in the 3rd quarter worth approximately $961,000. Guild Investment Management Inc. bought a new position in shares of Global X MLP ETF during the 3rd quarter worth approximately $2,205,000. Parallel Advisors LLC acquired a new stake in Global X MLP ETF in the 3rd quarter valued at $26,000. Flagship Wealth Advisors LLC acquired a new stake in Global X MLP ETF in the 3rd quarter valued at $39,000. Finally, Ashton Thomas Private Wealth LLC bought a new stake in Global X MLP ETF in the third quarter valued at $3,931,000.

Global X MLP ETF Price Performance

Shares of NYSEARCA:MLPA opened at $51.86 on Friday. The business’s fifty day moving average price is $55.02 and its two-hundred day moving average price is $54.32. Global X MLP ETF has a fifty-two week low of $47.01 and a fifty-two week high of $58.00. The stock has a market capitalization of $2.28 billion, a price-to-earnings ratio of 14.42 and a beta of 0.48.

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.