Global X MLP ETF (NYSEARCA:MLPA) Stake Lowered by Bank of America Corp DE

Bank of America Corp DE lessened its holdings in Global X MLP ETF (NYSEARCA:MLPA) by 1.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,123,278 shares of the company’s stock after selling 14,555 shares during the period. Bank of America Corp DE owned 3.32% of Global X MLP ETF worth $55,501,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of MLPA. Flagship Wealth Advisors LLC acquired a new position in Global X MLP ETF during the 4th quarter worth $37,000. Heck Capital Advisors LLC acquired a new position in shares of Global X MLP ETF during the fourth quarter valued at about $61,000. Capital Advisors Ltd. LLC raised its position in shares of Global X MLP ETF by 54.4% during the fourth quarter. Capital Advisors Ltd. LLC now owns 1,666 shares of the company’s stock valued at $82,000 after buying an additional 587 shares during the last quarter. Bank of Jackson Hole Trust acquired a new position in shares of Global X MLP ETF during the fourth quarter valued at about $116,000. Finally, ProVise Management Group LLC bought a new stake in Global X MLP ETF in the fourth quarter valued at about $218,000.

Global X MLP ETF Stock Up 2.4%

NYSEARCA MLPA opened at $50.29 on Wednesday. The stock has a market cap of $1.78 billion, a P/E ratio of 13.55 and a beta of 0.94. The company’s 50-day simple moving average is $50.59 and its 200 day simple moving average is $50.82. Global X MLP ETF has a twelve month low of $45.09 and a twelve month high of $54.53.

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.