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Multiple institutional investors have adjusted their stakes in the Global X MLP ETF. Notably, Cetera Investment Advisers increased their holdings by 44% to 295,725 shares, valued at $14.3 million, which included an additional purchase of 90,297 shares. Stephens Inc. AR also boosted their shares by 28.5% to 70,050, worth $3.1 million, after buying 15,555 more. Envestnet Portfolio Solutions acquired new shares worth $2.2 million in the first quarter. Pekin Hardy Strauss Inc. raised their position by 9.9%, now holding 59,212 shares valued at $2.9 million, with an added 5,325 shares. Evergreen Capital Management LLC also entered a new position valued at approximately $23 million in the second quarter.
Global X MLP ETF Stock Down 0.2%
Global X MLP ETF stock opened at $48.06 on Thursday. The stock’s 50-day and 200-day moving averages are $47.62 and $47.78, respectively. The 12-month low is $42.78, and the high is $50.10. The market cap is $1.62 billion with a price-to-earnings ratio of 12.27 and a beta of 0.37.
Global X MLP ETF Company Profile
The Global X MLP ETF (MLPA) is an exchange-traded fund tracking the Solactive MLP Infrastructure index, focusing on US midstream MLPs. Launched on April 18, 2012, it is managed by Global X.
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