JPMorgan Chase & Co. Cuts Holdings in Global X MLP ETF (NYSEARCA:MLPA)

JPMorgan Chase & Co. lowered its position in Global X MLP ETF (NYSEARCA:MLPA) by 6.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,308 shares of the company’s stock after selling 990 shares during the quarter. JPMorgan Chase & Co.’s holdings in Global X MLP ETF were worth $756,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Flagship Wealth Advisors LLC acquired a new position in Global X MLP ETF in the fourth quarter valued at $37,000. Heck Capital Advisors LLC acquired a new position in Global X MLP ETF in the fourth quarter valued at $61,000. Wilmington Savings Fund Society FSB acquired a new position in Global X MLP ETF in the third quarter valued at $80,000. Capital Advisors Ltd. LLC boosted its holdings in Global X MLP ETF by 54.4% in the fourth quarter. Capital Advisors Ltd. LLC now owns 1,666 shares of the company’s stock valued at $82,000 after acquiring an additional 587 shares during the last quarter. Finally, Bank of Jackson Hole Trust acquired a new position in Global X MLP ETF in the fourth quarter valued at $116,000.

Global X MLP ETF Stock Performance

Shares of Global X MLP ETF stock opened at $50.68 on Tuesday. Global X MLP ETF has a twelve month low of $45.09 and a twelve month high of $54.53. The stock has a market capitalization of $1.80 billion, a P/E ratio of 13.55 and a beta of 0.94. The business’s fifty day moving average price is $51.35 and its 200 day moving average price is $50.75.

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.