Sunbelt Securities Inc. Has $770,000 Stock Position in Global X MLP ETF (NYSEARCA:MLPA)

Sunbelt Securities Inc. increased its holdings in Global X MLP ETF (NYSEARCA:MLPA) by 11.1% during the third quarter, HoldingsChannel reports. The fund owned 16,046 shares of the company’s stock after acquiring an additional 1,600 shares during the quarter. Sunbelt Securities Inc.’s holdings in Global X MLP ETF were worth $770,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Rothschild Investment LLC bought a new stake in Global X MLP ETF during the 2nd quarter worth approximately $30,000. Paladin Wealth LLC bought a new stake in Global X MLP ETF during the third quarter worth $40,000. Brown Financial Advisors purchased a new stake in Global X MLP ETF in the 2nd quarter valued at $43,000. Capital Advisors Ltd. LLC lifted its stake in Global X MLP ETF by 94.4% during the 3rd quarter. Capital Advisors Ltd. LLC now owns 1,079 shares of the company’s stock valued at $52,000 after acquiring an additional 524 shares in the last quarter. Finally, Hara Capital LLC bought a new position in Global X MLP ETF during the 3rd quarter valued at $59,000.

Global X MLP ETF Price Performance

NYSEARCA MLPA opened at $50.47 on Friday. The company has a fifty day moving average price of $49.14 and a 200-day moving average price of $48.28. The firm has a market cap of $1.71 billion, a price-to-earnings ratio of 12.27 and a beta of 0.37. Global X MLP ETF has a 1 year low of $43.44 and a 1 year high of $52.61.

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.