Ashton Thomas Private Wealth LLC lessened its holdings in shares of Global X MLP ETF (NYSEARCA:MLPA – Free Report) by 0.7% in the first quarter, Holdings Channel.com reports. The fund owned 79,880 shares of the company’s stock after selling 585 shares during the period. Ashton Thomas Private Wealth LLC’s holdings in Global X MLP ETF were worth $3,852,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Simplex Trading LLC increased its stake in shares of Global X MLP ETF by 81.5% during the fourth quarter. Simplex Trading LLC now owns 915 shares of the company’s stock valued at $40,000 after purchasing an additional 411 shares in the last quarter. Heritage Wealth Advisors bought a new stake in Global X MLP ETF in the 4th quarter worth about $52,000. Park Place Capital Corp purchased a new position in Global X MLP ETF in the 1st quarter worth about $53,000. Montag A & Associates Inc. bought a new position in Global X MLP ETF during the fourth quarter valued at approximately $55,000. Finally, Principal Securities Inc. purchased a new stake in Global X MLP ETF in the fourth quarter worth approximately $97,000.
Global X MLP ETF Stock Down 0.7 %
MLPA traded down $0.32 during mid-day trading on Friday, reaching $48.81. 9,886 shares of the company traded hands, compared to its average volume of 134,523. The company’s fifty day moving average price is $47.50 and its 200-day moving average price is $46.71. The stock has a market capitalization of $1.65 billion, a P/E ratio of 12.27 and a beta of 0.37. Global X MLP ETF has a 52-week low of $42.42 and a 52-week high of $49.29.
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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