Valley National Advisers Inc. Takes Position in Global X MLP ETF $MLPA

by · The Markets Daily

Valley National Advisers Inc. bought a new position in shares of Global X MLP ETF (NYSEARCA:MLPA – Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 23,794 shares of the company’s stock, valued at approximately $1,152,000.

A number of other hedge funds have also added to or reduced their stakes in the business. Legend Financial Advisors Inc. acquired a new stake in Global X MLP ETF in the 2nd quarter valued at $25,000. Private Trust Co. NA increased its position in shares of Global X MLP ETF by 39.2% in the third quarter. Private Trust Co. NA now owns 1,066 shares of the company’s stock valued at $52,000 after acquiring an additional 300 shares during the last quarter. Blue Trust Inc. raised its holdings in Global X MLP ETF by 230.0% during the second quarter. Blue Trust Inc. now owns 1,099 shares of the company’s stock worth $55,000 after acquiring an additional 766 shares in the last quarter. Ameritas Advisory Services LLC bought a new stake in Global X MLP ETF during the second quarter worth about $88,000. Finally, Alpine Bank Wealth Management acquired a new position in Global X MLP ETF during the second quarter valued at approximately $91,000.

Global X MLP ETF Stock Down 0.5%

MLPA stock opened at $48.26 on Friday. The company has a market cap of $1.81 billion, a price-to-earnings ratio of 14.42 and a beta of 0.64. Global X MLP ETF has a twelve month low of $45.09 and a twelve month high of $54.53. The business has a 50 day moving average price of $48.38 and a two-hundred day moving average price of $49.13.

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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