Belpointe Asset Management LLC Takes $499,000 Position in Global X MLP ETF $MLPA

Belpointe Asset Management LLC acquired a new position in shares of Global X MLP ETF (NYSEARCA:MLPA) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 10,300 shares of the company’s stock, valued at approximately $499,000.

Several other hedge funds have also recently added to or reduced their stakes in MLPA. Wealth Enhancement Advisory Services LLC raised its stake in Global X MLP ETF by 8.2% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 227,080 shares of the company’s stock valued at $10,879,000 after buying an additional 17,228 shares in the last quarter. Alpine Bank Wealth Management boosted its position in shares of Global X MLP ETF by 660.3% during the 3rd quarter. Alpine Bank Wealth Management now owns 13,800 shares of the company’s stock worth $668,000 after acquiring an additional 11,985 shares in the last quarter. Barry Investment Advisors LLC increased its holdings in shares of Global X MLP ETF by 5.3% in the 3rd quarter. Barry Investment Advisors LLC now owns 205,082 shares of the company’s stock valued at $9,932,000 after acquiring an additional 10,401 shares during the last quarter. AlphaCore Capital LLC raised its position in shares of Global X MLP ETF by 28.1% during the 2nd quarter. AlphaCore Capital LLC now owns 49,440 shares of the company’s stock worth $2,482,000 after acquiring an additional 10,840 shares in the last quarter. Finally, Ameritas Advisory Services LLC purchased a new stake in Global X MLP ETF during the second quarter worth approximately $88,000.

Global X MLP ETF Stock Down 0.5%

Shares of MLPA opened at $51.49 on Friday. The company has a market capitalization of $2.01 billion, a price-to-earnings ratio of 14.42 and a beta of 0.64. Global X MLP ETF has a 52-week low of $45.09 and a 52-week high of $54.53. The stock has a 50 day moving average price of $49.27 and a 200 day moving average price of $49.07.

Global X MLP ETF Company 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.