Greenspring Advisors LLC Boosts Stake in Global X MLP ETF $MLPA

Greenspring Advisors LLC boosted its stake in Global X MLP ETF (NYSEARCA:MLPA) by 5,502.2% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 236,859 shares of the company’s stock after acquiring an additional 232,631 shares during the period. Global X MLP ETF makes up approximately 0.7% of Greenspring Advisors LLC’s portfolio, making the stock its 19th largest position. Greenspring Advisors LLC’s holdings in Global X MLP ETF were worth $11,466,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MLPA. Smartleaf Asset Management LLC purchased a new stake in Global X MLP ETF in the 3rd quarter valued at approximately $46,000. NBC Securities Inc. lifted its stake in Global X MLP ETF by 9.7% in the 4th quarter. NBC Securities Inc. now owns 2,683 shares of the company’s stock valued at $130,000 after buying an additional 238 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in Global X MLP ETF by 541.4% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,957 shares of the company’s stock valued at $143,000 after buying an additional 2,496 shares in the last quarter. Newbridge Financial Services Group Inc. lifted its stake in Global X MLP ETF by 1,461.2% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 3,060 shares of the company’s stock valued at $148,000 after buying an additional 2,864 shares in the last quarter. Finally, Flagship Harbor Advisors LLC purchased a new stake in Global X MLP ETF in the 3rd quarter valued at approximately $201,000.

Global X MLP ETF Stock Performance

MLPA stock opened at $54.08 on Thursday. Global X MLP ETF has a 1 year low of $46.39 and a 1 year high of $56.53. The stock’s 50 day moving average price is $54.24 and its 200 day moving average price is $51.97. The firm has a market cap of $2.15 billion, a P/E ratio of 14.42 and a beta of 0.47.

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.