Global Wealth Management Investment Advisory Inc. Raises Holdings in Global X MLP ETF (NYSEARCA:MLPA)

Global Wealth Management Investment Advisory Inc. increased its position in Global X MLP ETF (NYSEARCA:MLPA) by 12.0% in the 3rd quarter, Holdings Channel reports. The firm owned 32,217 shares of the company’s stock after buying an additional 3,452 shares during the period. Global Wealth Management Investment Advisory Inc.’s holdings in Global X MLP ETF were worth $1,546,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in MLPA. Evergreen Capital Management LLC acquired a new stake in shares of Global X MLP ETF during the second quarter worth about $23,028,000. Raymond James & Associates grew its stake in shares of Global X MLP ETF by 38.6% in the 3rd quarter. Raymond James & Associates now owns 465,116 shares of the company’s stock valued at $22,316,000 after purchasing an additional 129,449 shares during the last quarter. Gradient Investments LLC grew its stake in shares of Global X MLP ETF by 18.6% in the 2nd quarter. Gradient Investments LLC now owns 616,720 shares of the company’s stock valued at $29,911,000 after purchasing an additional 96,852 shares during the last quarter. Cetera Investment Advisers increased its holdings in shares of Global X MLP ETF by 44.0% in the first quarter. Cetera Investment Advisers now owns 295,725 shares of the company’s stock valued at $14,260,000 after purchasing an additional 90,297 shares during the period. Finally, Cetera Advisors LLC raised its stake in shares of Global X MLP ETF by 164.1% during the first quarter. Cetera Advisors LLC now owns 98,179 shares of the company’s stock worth $4,734,000 after purchasing an additional 61,003 shares during the last quarter.

Global X MLP ETF Stock Up 0.8 %

NYSEARCA:MLPA traded up $0.38 during midday trading on Tuesday, reaching $47.88. The stock had a trading volume of 2,868 shares, compared to its average volume of 119,426. The stock has a market cap of $1.62 billion, a P/E ratio of 12.27 and a beta of 0.37. The firm has a fifty day simple moving average of $47.87 and a two-hundred day simple moving average of $47.80. Global X MLP ETF has a 12-month low of $43.40 and a 12-month high of $50.10.

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.