Royal Bank of Canada Sells 43,137 Shares of Global X MLP ETF (NYSEARCA:MLPA)

Royal Bank of Canada decreased its position in shares of Global X MLP ETF (NYSEARCA:MLPA – Get Rating) by 21.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 156,672 shares of the company’s stock after selling 43,137 shares during the quarter. Royal Bank of Canada owned approximately 0.50% of Global X MLP ETF worth $6,179,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. UBS Group AG grew its stake in shares of Global X MLP ETF by 25.5% during the 2nd quarter. UBS Group AG now owns 1,029,305 shares of the company’s stock worth $37,951,000 after acquiring an additional 209,396 shares during the period. Bard Financial Services Inc. boosted its stake in Global X MLP ETF by 4.4% in the 3rd quarter. Bard Financial Services Inc. now owns 640,768 shares of the company’s stock worth $25,272,000 after purchasing an additional 26,847 shares during the period. Wells Fargo & Company MN boosted its stake in Global X MLP ETF by 8.5% in the 2nd quarter. Wells Fargo & Company MN now owns 616,073 shares of the company’s stock worth $22,714,000 after purchasing an additional 48,087 shares during the period. Envestnet Asset Management Inc. boosted its stake in Global X MLP ETF by 1.7% in the 3rd quarter. Envestnet Asset Management Inc. now owns 581,162 shares of the company’s stock worth $22,921,000 after purchasing an additional 9,575 shares during the period. Finally, McGowan Group Asset Management Inc. boosted its stake in Global X MLP ETF by 1.6% in the 3rd quarter. McGowan Group Asset Management Inc. now owns 457,879 shares of the company’s stock worth $18,059,000 after purchasing an additional 7,183 shares during the period.

Global X MLP ETF Stock Down 0.9 %

Shares of NYSEARCA MLPA opened at $42.01 on Monday. Global X MLP ETF has a 52 week low of $34.80 and a 52 week high of $44.22. The business has a 50-day simple moving average of $42.67 and a two-hundred day simple moving average of $42.09. The company has a market cap of $1.34 billion, a P/E ratio of 10.69 and a beta of 1.46.

About Global X MLP ETF

(Get Rating)

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.