Centurion Wealth Management LLC Takes Position in Global X MLP ETF $MLPA

Centurion Wealth Management LLC acquired a new position in Global X MLP ETF (NYSEARCA:MLPA) in the third quarter, HoldingsChannel reports. The fund acquired 24,043 shares of the company’s stock, valued at approximately $1,164,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC bought a new stake in shares of Global X MLP ETF in the 2nd quarter valued at about $6,684,000. Global Retirement Partners LLC bought a new position in Global X MLP ETF in the second quarter worth approximately $5,045,000. Blue Edge Capital LLC purchased a new stake in Global X MLP ETF during the second quarter worth $3,409,000. Raymond James Financial Inc. lifted its holdings in Global X MLP ETF by 9.7% during the first quarter. Raymond James Financial Inc. now owns 751,173 shares of the company’s stock worth $39,985,000 after buying an additional 66,168 shares during the period. Finally, Belpointe Asset Management LLC bought a new stake in Global X MLP ETF during the 1st quarter valued at $1,852,000.

Global X MLP ETF Trading Up 0.1%

Shares of NYSEARCA:MLPA opened at $48.26 on Friday. The company has a market capitalization of $1.81 billion, a PE ratio of 14.42 and a beta of 0.64. Global X MLP ETF has a 12-month low of $45.09 and a 12-month high of $54.53. The business’s fifty day simple moving average is $48.26 and its 200-day simple moving average is $49.18.

About Global X MLP ETF

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.