NewEdge Advisors LLC Grows Stock Holdings in Global X MLP ETF $MLPA

NewEdge Advisors LLC lifted its holdings in Global X MLP ETF (NYSEARCA:MLPA – Free Report) by 8.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 119,020 shares of the company’s stock after acquiring an additional 9,010 shares during the quarter. NewEdge Advisors LLC’s holdings in Global X MLP ETF were worth $6,412,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MLPA. Bank of America Corp DE lifted its holdings in shares of Global X MLP ETF by 3.7% in the 3rd quarter. Bank of America Corp DE now owns 1,187,268 shares of the company’s stock valued at $57,488,000 after buying an additional 42,273 shares during the period. UBS Group AG lifted its holdings in Global X MLP ETF by 3.6% in the fourth quarter. UBS Group AG now owns 1,047,656 shares of the company’s stock valued at $50,717,000 after acquiring an additional 36,634 shares during the period. Evergreen Capital Management LLC boosted its position in Global X MLP ETF by 0.6% in the 4th quarter. Evergreen Capital Management LLC now owns 489,625 shares of the company’s stock worth $23,703,000 after purchasing an additional 3,150 shares in the last quarter. Royal Bank of Canada grew its stake in shares of Global X MLP ETF by 7.2% during the 1st quarter. Royal Bank of Canada now owns 403,392 shares of the company’s stock worth $21,733,000 after purchasing an additional 26,983 shares during the period. Finally, Rockefeller Capital Management L.P. grew its stake in shares of Global X MLP ETF by 31.1% during the 4th quarter. Rockefeller Capital Management L.P. now owns 399,223 shares of the company’s stock worth $19,326,000 after purchasing an additional 94,623 shares during the period.

Global X MLP ETF Price Performance

MLPA opened at $55.60 on Tuesday. The firm has a fifty day moving average price of $54.42 and a 200 day moving average price of $53.86. Global X MLP ETF has a 1 year low of $46.39 and a 1 year high of $56.88. The stock has a market cap of $2.25 billion, a P/E ratio of 14.42 and a beta of 0.45.

About Global X MLP ETF

(Free Report)

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.

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