Global X MLP ETF $MLPA Stake Increased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. increased its stake in Global X MLP ETF (NYSEARCA:MLPA) by 3.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 494,993 shares of the company’s stock after buying an additional 17,433 shares during the period. Envestnet Asset Management Inc. owned about 1.38% of Global X MLP ETF worth $24,849,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Endowment Wealth Management Inc. increased its stake in shares of Global X MLP ETF by 2.7% in the first quarter. Endowment Wealth Management Inc. now owns 10,844 shares of the company’s stock worth $577,000 after buying an additional 287 shares during the last quarter. LGL Partners LLC raised its position in shares of Global X MLP ETF by 1.8% during the 1st quarter. LGL Partners LLC now owns 16,566 shares of the company’s stock valued at $882,000 after acquiring an additional 290 shares in the last quarter. MGB Wealth Management LLC raised its position in shares of Global X MLP ETF by 22.6% during the 1st quarter. MGB Wealth Management LLC now owns 1,630 shares of the company’s stock valued at $87,000 after acquiring an additional 300 shares in the last quarter. Blair William & Co. IL raised its position in shares of Global X MLP ETF by 1.6% during the 2nd quarter. Blair William & Co. IL now owns 28,210 shares of the company’s stock valued at $1,416,000 after acquiring an additional 436 shares in the last quarter. Finally, Harbour Investments Inc. increased its stake in Global X MLP ETF by 2.3% during the first quarter. Harbour Investments Inc. now owns 20,027 shares of the company’s stock valued at $1,066,000 after purchasing an additional 445 shares during the last quarter.

Global X MLP ETF Price Performance

MLPA stock opened at $48.10 on Tuesday. Global X MLP ETF has a 1-year low of $45.09 and a 1-year high of $54.53. The firm has a fifty day moving average price of $48.56 and a two-hundred day moving average price of $49.47. The firm has a market cap of $1.80 billion, a price-to-earnings ratio of 14.42 and a beta of 0.64.

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.