Gradient Investments LLC Has $23.15 Million Position in Global X MLP ETF $MLPA

Gradient Investments LLC raised its position in Global X MLP ETF (NYSEARCA:MLPA) by 3.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 436,144 shares of the company’s stock after purchasing an additional 14,343 shares during the quarter. Gradient Investments LLC’s holdings in Global X MLP ETF were worth $23,151,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Foundations Investment Advisors LLC grew its holdings in shares of Global X MLP ETF by 4,705.6% during the fourth quarter. Foundations Investment Advisors LLC now owns 254,505 shares of the company’s stock worth $12,321,000 after purchasing an additional 249,209 shares during the last quarter. Greenspring Advisors LLC raised its holdings in Global X MLP ETF by 5,502.2% in the 4th quarter. Greenspring Advisors LLC now owns 236,859 shares of the company’s stock valued at $11,466,000 after buying an additional 232,631 shares during the last quarter. Quadrature Capital Ltd boosted its position in Global X MLP ETF by 2,831.8% during the 4th quarter. Quadrature Capital Ltd now owns 160,544 shares of the company’s stock worth $7,772,000 after buying an additional 155,068 shares during the period. Matrix Private Capital Group LLC bought a new stake in Global X MLP ETF during the 1st quarter worth approximately $7,641,000. Finally, Northwestern Mutual Wealth Management Co. increased its position in Global X MLP ETF by 29,373.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 135,874 shares of the company’s stock valued at $6,578,000 after acquiring an additional 135,413 shares during the period.

Global X MLP ETF Stock Performance

MLPA stock opened at $55.92 on Friday. The company has a fifty day moving average price of $54.38 and a 200-day moving average price of $53.80. The company has a market capitalization of $2.26 billion, a P/E ratio of 14.42 and a beta of 0.45. Global X MLP ETF has a 52-week low of $46.39 and a 52-week high of $56.88.

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.