Checchi Capital Advisers LLC Invests $1.53 Million in Global X MLP ETF $MLPA

Checchi Capital Advisers LLC bought a new stake in Global X MLP ETF (NYSEARCA:MLPA) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 31,568 shares of the company’s stock, valued at approximately $1,528,000. Checchi Capital Advisers LLC owned about 0.08% of Global X MLP ETF at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bank of America Corp DE boosted its holdings in Global X MLP ETF by 3.7% during the third quarter. Bank of America Corp DE now owns 1,187,268 shares of the company’s stock valued at $57,488,000 after acquiring an additional 42,273 shares during the period. Evergreen Capital Management LLC increased its stake in shares of Global X MLP ETF by 1.1% in the third quarter. Evergreen Capital Management LLC now owns 486,475 shares of the company’s stock worth $23,555,000 after purchasing an additional 5,487 shares during the period. Gradient Investments LLC lifted its position in shares of Global X MLP ETF by 2.4% during the 4th quarter. Gradient Investments LLC now owns 458,127 shares of the company’s stock worth $22,178,000 after purchasing an additional 10,858 shares during the last quarter. Tectonic Advisors LLC lifted its position in shares of Global X MLP ETF by 5.3% during the 3rd quarter. Tectonic Advisors LLC now owns 286,664 shares of the company’s stock worth $13,880,000 after purchasing an additional 14,300 shares during the last quarter. Finally, Advisors Management Group Inc. ADV boosted its stake in Global X MLP ETF by 0.9% during the 3rd quarter. Advisors Management Group Inc. ADV now owns 253,032 shares of the company’s stock valued at $12,252,000 after purchasing an additional 2,191 shares during the period.

Global X MLP ETF Stock Up 0.2%

MLPA opened at $52.68 on Tuesday. The stock’s 50 day moving average price is $53.62 and its two-hundred day moving average price is $50.56. The firm has a market capitalization of $2.11 billion, a P/E ratio of 14.42 and a beta of 0.50. Global X MLP ETF has a 12-month low of $46.39 and a 12-month high of $55.74.

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.