Global Retirement Partners LLC Sells 33,925 Shares of Global X MLP ETF $MLPA

Global Retirement Partners LLC trimmed its stake in Global X MLP ETF (NYSEARCA:MLPA) by 32.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 70,165 shares of the company’s stock after selling 33,925 shares during the quarter. Global Retirement Partners LLC’s holdings in Global X MLP ETF were worth $3,397,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Global X MLP ETF by 8.2% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 227,080 shares of the company’s stock valued at $10,879,000 after purchasing an additional 17,228 shares in the last quarter. Exchange Traded Concepts LLC lifted its holdings in shares of Global X MLP ETF by 5.7% during the fourth quarter. Exchange Traded Concepts LLC now owns 186,220 shares of the company’s stock valued at $9,015,000 after purchasing an additional 10,088 shares in the last quarter. Belpointe Asset Management LLC bought a new position in shares of Global X MLP ETF during the third quarter valued at $499,000. Gradient Investments LLC lifted its holdings in shares of Global X MLP ETF by 2.4% during the fourth quarter. Gradient Investments LLC now owns 458,127 shares of the company’s stock valued at $22,178,000 after purchasing an additional 10,858 shares in the last quarter. Finally, Madison Park Capital Advisors LLC bought a new position in shares of Global X MLP ETF during the fourth quarter valued at $451,000.

Global X MLP ETF Price Performance

Shares of NYSEARCA:MLPA opened at $55.72 on Friday. The company has a market cap of $2.22 billion, a P/E ratio of 14.42 and a beta of 0.47. Global X MLP ETF has a 1 year low of $46.39 and a 1 year high of $56.53. The stock’s fifty day moving average price is $54.23 and its 200-day moving average price is $51.60.

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.