Tectonic Advisors LLC Has $11.10 Million Stock Holdings in Global X MLP ETF (NYSEARCA:MLPA)

Tectonic Advisors LLC lifted its stake in shares of Global X MLP ETF (NYSEARCA:MLPA) by 9.3% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 231,423 shares of the company’s stock after buying an additional 19,700 shares during the quarter. Global X MLP ETF comprises about 0.7% of Tectonic Advisors LLC’s investment portfolio, making the stock its 21st biggest position. Tectonic Advisors LLC’s holdings in Global X MLP ETF were worth $11,104,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of MLPA. Raymond James & Associates increased its position in Global X MLP ETF by 38.6% during the third quarter. Raymond James & Associates now owns 465,116 shares of the company’s stock worth $22,316,000 after acquiring an additional 129,449 shares during the period. Friedenthal Financial increased its position in Global X MLP ETF by 2.1% during the third quarter. Friedenthal Financial now owns 12,060 shares of the company’s stock worth $579,000 after acquiring an additional 251 shares during the period. RFG Advisory LLC increased its position in Global X MLP ETF by 1.6% during the third quarter. RFG Advisory LLC now owns 156,668 shares of the company’s stock worth $7,517,000 after acquiring an additional 2,475 shares during the period. Good Life Advisors LLC increased its position in Global X MLP ETF by 161.9% during the third quarter. Good Life Advisors LLC now owns 15,678 shares of the company’s stock worth $752,000 after acquiring an additional 9,692 shares during the period. Finally, Naviter Wealth LLC increased its holdings in Global X MLP ETF by 27.6% in the 3rd quarter. Naviter Wealth LLC now owns 6,205 shares of the company’s stock valued at $298,000 after buying an additional 1,344 shares during the period.

Global X MLP ETF Stock Up 0.1 %

MLPA stock opened at $47.88 on Friday. Global X MLP ETF has a 12 month low of $43.40 and a 12 month high of $50.10. The firm has a market cap of $1.62 billion, a P/E ratio of 12.27 and a beta of 0.37. The company’s 50-day moving average price is $47.87 and its two-hundred day moving average price is $47.78.

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.