Tectonic Advisors LLC Raises Stock Position in Global X MLP ETF $MLPA

Tectonic Advisors LLC lifted its position in Global X MLP ETF (NYSEARCA:MLPA) by 5.3% in the third quarter, Holdings Channel reports. The firm owned 286,664 shares of the company’s stock after buying an additional 14,300 shares during the period. Global X MLP ETF accounts for 0.8% of Tectonic Advisors LLC’s investment portfolio, making the stock its 23rd largest holding. Tectonic Advisors LLC’s holdings in Global X MLP ETF were worth $13,880,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Friedenthal Financial lifted its stake in Global X MLP ETF by 2.3% in the third quarter. Friedenthal Financial now owns 11,600 shares of the company’s stock worth $562,000 after acquiring an additional 262 shares during the period. Private Trust Co. NA grew its holdings in 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 worth $52,000 after purchasing an additional 300 shares during the last quarter. LGL Partners LLC increased its position in shares of Global X MLP ETF by 1.9% during the second quarter. LGL Partners LLC now owns 16,876 shares of the company’s stock worth $834,000 after purchasing an additional 310 shares in the last quarter. CreativeOne Wealth LLC grew its stake in Global X MLP ETF by 8.1% during the 2nd quarter. CreativeOne Wealth LLC now owns 5,014 shares of the company’s stock worth $252,000 after buying an additional 377 shares during the last quarter. Finally, Pekin Hardy Strauss Inc. grew its holdings in shares of Global X MLP ETF by 0.6% during the second quarter. Pekin Hardy Strauss Inc. now owns 64,854 shares of the company’s stock valued at $3,256,000 after buying an additional 390 shares during the last quarter.

Global X MLP ETF Trading Down 0.1%

Shares of MLPA stock opened at $48.41 on Friday. Global X MLP ETF has a twelve month low of $45.09 and a twelve month high of $54.53. The stock has a market cap of $1.81 billion, a P/E ratio of 14.42 and a beta of 0.64. The stock has a 50 day moving average of $48.42 and a 200 day moving average of $49.07.

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.