Mirae Asset Global Investments Co. Ltd. Decreases Stake in Global X MLP ETF (NYSEARCA:MLPA)

Mirae Asset Global Investments Co. Ltd. decreased its position in Global X MLP ETF (NYSEARCA:MLPA) by 21.8% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 12,750 shares of the company’s stock after selling 3,550 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Global X MLP ETF were worth $565,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Eagle Strategies LLC increased its stake in Global X MLP ETF by 5.5% in the 3rd quarter. Eagle Strategies LLC now owns 5,321 shares of the company’s stock worth $237,000 after purchasing an additional 279 shares during the period. HighTower Advisors LLC increased its stake in Global X MLP ETF by 1.1% in the 3rd quarter. HighTower Advisors LLC now owns 27,321 shares of the company’s stock worth $1,218,000 after purchasing an additional 300 shares during the period. SFG Wealth Management LLC. increased its stake in Global X MLP ETF by 3.7% in the 4th quarter. SFG Wealth Management LLC. now owns 12,767 shares of the company’s stock worth $566,000 after purchasing an additional 451 shares during the period. Blair William & Co. IL increased its stake in Global X MLP ETF by 28.6% in the 3rd quarter. Blair William & Co. IL now owns 3,358 shares of the company’s stock worth $150,000 after purchasing an additional 746 shares during the period. Finally, Creative Financial Designs Inc. ADV increased its stake in Global X MLP ETF by 87.3% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 2,720 shares of the company’s stock worth $120,000 after purchasing an additional 1,268 shares during the period.

Global X MLP ETF Price Performance

Shares of Global X MLP ETF stock opened at $48.07 on Friday. The business’s 50 day simple moving average is $47.47 and its two-hundred day simple moving average is $45.77. The stock has a market capitalization of $1.62 billion, a P/E ratio of 12.10 and a beta of 0.38. Global X MLP ETF has a one year low of $40.22 and a one year high of $49.25.

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.