Advisors Management Group Inc. ADV Has $11.25 Million Stake in Global X MLP ETF (NYSEARCA:MLPA)

Advisors Management Group Inc. ADV lifted its holdings in shares of Global X MLP ETF (NYSEARCA:MLPA) by 0.6% in the third quarter, HoldingsChannel reports. The institutional investor owned 234,459 shares of the company’s stock after buying an additional 1,381 shares during the period. Global X MLP ETF makes up about 2.7% of Advisors Management Group Inc. ADV’s holdings, making the stock its 7th largest holding. Advisors Management Group Inc. ADV’s holdings in Global X MLP ETF were worth $11,249,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Friedenthal Financial lifted its stake in Global X MLP ETF by 2.1% in the third quarter. Friedenthal Financial now owns 12,060 shares of the company’s stock valued at $579,000 after acquiring an additional 251 shares during the last quarter. MONECO Advisors LLC grew its stake in shares of Global X MLP ETF by 3.7% in the third quarter. MONECO Advisors LLC now owns 7,255 shares of the company’s stock valued at $348,000 after acquiring an additional 261 shares in the last quarter. LGL Partners LLC grew its position in shares of Global X MLP ETF by 1.9% during the 2nd quarter. LGL Partners LLC now owns 15,665 shares of the company’s stock worth $760,000 after purchasing an additional 294 shares in the last quarter. Austin Wealth Management LLC increased its stake in Global X MLP ETF by 6.2% during the 1st quarter. Austin Wealth Management LLC now owns 7,122 shares of the company’s stock worth $336,000 after acquiring an additional 416 shares during the period. Finally, J.W. Cole Advisors Inc. grew its holdings in shares of Global X MLP ETF by 4.2% during the 2nd quarter. J.W. Cole Advisors Inc. now owns 12,835 shares of the company’s stock worth $622,000 after purchasing an additional 523 shares in the last quarter.

Global X MLP ETF Stock Up 2.9 %

MLPA opened at $49.34 on Thursday. Global X MLP ETF has a twelve month low of $43.40 and a twelve month high of $50.10. The stock has a market capitalization of $1.67 billion, a price-to-earnings ratio of 12.27 and a beta of 0.37. The company has a 50-day simple moving average of $47.94 and a 200 day simple moving average of $47.81.

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.