Claro Advisors LLC Invests $441,000 in Global X MLP ETF (NYSEARCA:MLPA)

Claro Advisors LLC acquired a new stake in Global X MLP ETF (NYSEARCA:MLPA) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 9,155 shares of the company’s stock, valued at approximately $441,000.

A number of other institutional investors have also bought and sold shares of MLPA. UBS Group AG boosted its stake in Global X MLP ETF by 7.1% during the fourth quarter. UBS Group AG now owns 1,107,700 shares of the company’s stock worth $49,071,000 after buying an additional 73,439 shares during the last quarter. Wells Fargo & Company MN raised its holdings in shares of Global X MLP ETF by 17.3% during the 4th quarter. Wells Fargo & Company MN now owns 765,454 shares of the company’s stock worth $33,910,000 after acquiring an additional 113,025 shares during the period. Gradient Investments LLC boosted its position in shares of Global X MLP ETF by 71.5% during the 4th quarter. Gradient Investments LLC now owns 455,452 shares of the company’s stock valued at $20,177,000 after acquiring an additional 189,931 shares during the last quarter. Barry Investment Advisors LLC grew its holdings in shares of Global X MLP ETF by 3.2% in the first quarter. Barry Investment Advisors LLC now owns 155,483 shares of the company’s stock valued at $7,497,000 after purchasing an additional 4,801 shares during the period. Finally, Assetmark Inc. increased its position in Global X MLP ETF by 10.6% during the fourth quarter. Assetmark Inc. now owns 146,603 shares of the company’s stock worth $6,495,000 after purchasing an additional 14,044 shares during the last quarter.

Global X MLP ETF Stock Up 0.6 %

NYSEARCA:MLPA traded up $0.27 on Monday, hitting $48.77. The stock had a trading volume of 65,682 shares, compared to its average volume of 136,955. The company has a fifty day moving average price of $47.42 and a two-hundred day moving average price of $46.62. Global X MLP ETF has a 1-year low of $42.42 and a 1-year high of $49.25. The stock has a market cap of $1.65 billion, a price-to-earnings ratio of 12.27 and a beta of 0.37.

Global X MLP ETF 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.