Global X MLP ETF (NYSEARCA:MLPA) Shares Bought by Pekin Hardy Strauss Inc.

Pekin Hardy Strauss Inc. raised its holdings in Global X MLP ETF (NYSEARCA:MLPA) by 9.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,212 shares of the company’s stock after buying an additional 5,325 shares during the period. Pekin Hardy Strauss Inc. owned about 0.18% of Global X MLP ETF worth $2,872,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. J.W. Cole Advisors Inc. raised its stake in Global X MLP ETF by 4.2% in the second quarter. J.W. Cole Advisors Inc. now owns 12,835 shares of the company’s stock valued at $622,000 after buying an additional 523 shares in the last quarter. CoreCap Advisors LLC acquired a new stake in Global X MLP ETF in the second quarter valued at $363,000. Eagle Strategies LLC acquired a new stake in Global X MLP ETF in the second quarter valued at $326,000. LPL Financial LLC grew its holdings in shares of Global X MLP ETF by 1.6% during the second quarter. LPL Financial LLC now owns 684,407 shares of the company’s stock worth $33,194,000 after purchasing an additional 10,686 shares during the last quarter. Finally, Dorsey & Whitney Trust CO LLC grew its holdings in shares of Global X MLP ETF by 71.2% during the second quarter. Dorsey & Whitney Trust CO LLC now owns 9,253 shares of the company’s stock worth $449,000 after purchasing an additional 3,847 shares during the last quarter.

Global X MLP ETF Stock Performance

Shares of MLPA stock opened at $48.26 on Tuesday. The stock’s 50-day moving average is $47.91 and its two-hundred day moving average is $47.72. The firm has a market cap of $1.63 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 $42.78 and a 1 year high of $50.10.

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.