Gradient Investments LLC Buys 96,852 Shares of Global X MLP ETF (NYSEARCA:MLPA)

Gradient Investments LLC boosted its stake in Global X MLP ETF (NYSEARCA:MLPA) by 18.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 616,720 shares of the company’s stock after purchasing an additional 96,852 shares during the period. Gradient Investments LLC owned about 1.82% of Global X MLP ETF worth $29,911,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Triad Wealth Partners LLC bought a new position in Global X MLP ETF in the second quarter valued at about $63,000. Wealth Enhancement Advisory Services LLC boosted its position in Global X MLP ETF by 9.4% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 146,610 shares of the company’s stock worth $7,111,000 after buying an additional 12,618 shares during the period. Strong Tower Advisory Services acquired a new stake in Global X MLP ETF during the 2nd quarter worth approximately $365,000. RFG Advisory LLC grew its holdings in Global X MLP ETF by 5.7% during the 2nd quarter. RFG Advisory LLC now owns 154,193 shares of the company’s stock worth $7,478,000 after acquiring an additional 8,306 shares during the last quarter. Finally, Fermata Advisors LLC increased its position in Global X MLP ETF by 26.1% in the 2nd quarter. Fermata Advisors LLC now owns 10,428 shares of the company’s stock valued at $506,000 after acquiring an additional 2,157 shares during the period.

Global X MLP ETF Stock Performance

Shares of NYSEARCA:MLPA traded up $1.24 during mid-day trading on Friday, reaching $48.00. 67,607 shares of the company’s stock were exchanged, compared to its average volume of 132,853. Global X MLP ETF has a twelve month low of $42.78 and a twelve month high of $50.10. The firm has a market capitalization of $1.62 billion, a price-to-earnings ratio of 12.27 and a beta of 0.37. The business’s fifty day moving average price is $48.11 and its 200-day moving average price is $47.46.

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.