Almanack Investment Partners LLC. Trims Position in Global X MLP ETF $MLPA

Almanack Investment Partners LLC. lessened its position in shares of Global X MLP ETF (NYSEARCA:MLPA) by 10.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 116,497 shares of the company’s stock after selling 12,964 shares during the quarter. Global X MLP ETF accounts for 1.0% of Almanack Investment Partners LLC.’s portfolio, making the stock its 20th biggest holding. Almanack Investment Partners LLC. owned 0.30% of Global X MLP ETF worth $5,640,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Clean Yield Group bought a new stake in Global X MLP ETF during the third quarter valued at about $26,000. Smartleaf Asset Management LLC bought a new stake in Global X MLP ETF during the third quarter valued at about $46,000. Private Trust Co. NA grew its holdings in Global X MLP ETF by 39.2% during the third quarter. Private Trust Co. NA now owns 1,066 shares of the company’s stock valued at $52,000 after purchasing an additional 300 shares during the period. NBC Securities Inc. grew its holdings in Global X MLP ETF by 9.7% during the fourth quarter. NBC Securities Inc. now owns 2,683 shares of the company’s stock valued at $130,000 after purchasing an additional 238 shares during the period. Finally, Newbridge Financial Services Group Inc. grew its holdings in Global X MLP ETF by 1,461.2% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 3,060 shares of the company’s stock valued at $148,000 after purchasing an additional 2,864 shares during the period.

Global X MLP ETF Stock Performance

NYSEARCA:MLPA opened at $53.38 on Friday. The stock has a 50-day simple moving average of $53.71 and a two-hundred day simple moving average of $50.67. Global X MLP ETF has a 52-week low of $46.39 and a 52-week high of $55.74. The firm has a market capitalization of $2.13 billion, a PE ratio of 14.42 and a beta of 0.50.

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.