Worth Asset Management LLC Takes $374,000 Position in Global X MLP ETF (NYSEARCA:MLPA)

Worth Asset Management LLC purchased a new position in shares of Global X MLP ETF (NYSEARCA:MLPA) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 7,564 shares of the company’s stock, valued at approximately $374,000.

A number of other large investors also recently bought and sold shares of MLPA. Paladin Wealth LLC bought a new stake in shares of Global X MLP ETF during the third quarter worth $40,000. Brown Financial Advisors bought a new stake in Global X MLP ETF during the 2nd quarter valued at about $43,000. Capital Advisors Ltd. LLC lifted its holdings 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 buying an additional 524 shares in the last quarter. Hara Capital LLC purchased a new stake in Global X MLP ETF in the 3rd quarter valued at about $59,000. Finally, Advisors Asset Management Inc. bought a new position in Global X MLP ETF in the 3rd quarter worth about $65,000.

Global X MLP ETF Trading Up 0.9 %

Shares of Global X MLP ETF stock traded up $0.44 on Wednesday, hitting $50.27. 145,269 shares of the company traded hands, compared to its average volume of 96,301. Global X MLP ETF has a 52 week low of $44.06 and a 52 week high of $52.61. The company has a market cap of $1.70 billion, a PE ratio of 12.27 and a beta of 0.37. The stock’s 50 day moving average price is $49.62 and its 200-day moving average price is $48.61.

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.