Kestra Advisory Services LLC Increases Position in Global X MLP ETF $MLPA

Kestra Advisory Services LLC grew its position in Global X MLP ETF (NYSEARCA:MLPA) by 164.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,322 shares of the company’s stock after purchasing an additional 9,532 shares during the quarter. Kestra Advisory Services LLC’s holdings in Global X MLP ETF were worth $825,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Turtle Creek Wealth Advisors LLC purchased a new position in Global X MLP ETF in the first quarter valued at $102,000. NBC Securities Inc. boosted its position in shares of Global X MLP ETF by 9.7% during the 4th quarter. NBC Securities Inc. now owns 2,683 shares of the company’s stock worth $130,000 after acquiring an additional 238 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of 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 acquiring an additional 2,496 shares during the last quarter. Newbridge Financial Services Group Inc. increased its holdings in shares of 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 acquiring an additional 2,864 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its position in shares of Global X MLP ETF by 367.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 4,397 shares of the company’s stock worth $213,000 after acquiring an additional 3,456 shares in the last quarter.

Global X MLP ETF Stock Down 0.1%

MLPA stock opened at $56.36 on Friday. The business has a 50 day moving average price of $54.16 and a 200 day moving average price of $53.34. The stock has a market cap of $2.28 billion, a price-to-earnings ratio of 14.42 and a beta of 0.45. Global X MLP ETF has a fifty-two week low of $46.39 and a fifty-two 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.