Everstar Asset Management LLC Trims Stock Position in Global X MLP ETF (NYSEARCA:MLPA)

Everstar Asset Management LLC trimmed its stake in shares of Global X MLP ETF (NYSEARCA:MLPA) by 29.2% in the fourth quarter, Holdings Channel reports. The fund owned 4,855 shares of the company’s stock after selling 2,000 shares during the period. Everstar Asset Management LLC’s holdings in Global X MLP ETF were worth $240,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. LPL Financial LLC lifted its holdings in shares of Global X MLP ETF by 6.9% during the fourth quarter. LPL Financial LLC now owns 763,739 shares of the company’s stock worth $37,736,000 after purchasing an additional 48,999 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Global X MLP ETF in the fourth quarter valued at about $33,846,000. Rockefeller Capital Management L.P. increased its stake in shares of Global X MLP ETF by 0.3% during the third quarter. Rockefeller Capital Management L.P. now owns 319,424 shares of the company’s stock worth $15,326,000 after acquiring an additional 844 shares during the period. Columbus Macro LLC purchased a new position in Global X MLP ETF during the fourth quarter worth about $12,358,000. Finally, Advisors Management Group Inc. ADV lifted its position in Global X MLP ETF by 4.4% in the fourth quarter. Advisors Management Group Inc. ADV now owns 244,814 shares of the company’s stock valued at $12,096,000 after purchasing an additional 10,355 shares during the period.

Global X MLP ETF Stock Performance

Shares of NYSEARCA MLPA opened at $53.23 on Tuesday. Global X MLP ETF has a one year low of $45.28 and a one year high of $54.53. The firm has a market capitalization of $1.86 billion, a P/E ratio of 14.59 and a beta of 1.29. The company’s fifty day moving average is $52.94 and its two-hundred day moving average is $50.56.

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.