Northwestern Mutual Wealth Management Co. Lowers Stock Position in Global X MLP ETF $MLPA

Northwestern Mutual Wealth Management Co. lessened its holdings in Global X MLP ETF (NYSEARCA:MLPA) by 88.7% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 510 shares of the company’s stock after selling 4,003 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Global X MLP ETF were worth $27,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of MLPA. D. E. Shaw & Co. Inc. purchased a new stake in shares of Global X MLP ETF in the 4th quarter worth approximately $1,093,000. Sunbelt Securities Inc. lifted its position in shares of Global X MLP ETF by 12.5% in the 4th quarter. Sunbelt Securities Inc. now owns 18,046 shares of the company’s stock worth $889,000 after purchasing an additional 2,000 shares during the period. Heck Capital Advisors LLC purchased a new stake in shares of Global X MLP ETF in the 4th quarter worth approximately $61,000. Mattson Financial Services LLC lifted its position in shares of Global X MLP ETF by 44.4% in the 4th quarter. Mattson Financial Services LLC now owns 6,913 shares of the company’s stock worth $332,000 after purchasing an additional 2,125 shares during the period. Finally, Wealth Enhancement Advisory Services LLC lifted its position in shares of Global X MLP ETF by 22.6% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 188,752 shares of the company’s stock worth $9,326,000 after purchasing an additional 34,839 shares during the period.

Global X MLP ETF Stock Performance

Shares of MLPA opened at $49.35 on Monday. The company has a 50 day moving average price of $50.04 and a 200-day moving average price of $50.41. Global X MLP ETF has a fifty-two week low of $45.09 and a fifty-two week high of $54.53. The stock has a market capitalization of $1.78 billion, a PE ratio of 14.42 and a beta of 1.40.

Global X MLP ETF Company 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.