Global X MLP ETF $MLPA Stake Lifted by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. lifted its holdings in Global X MLP ETF (NYSEARCA:MLPA) by 29,373.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 135,874 shares of the company’s stock after purchasing an additional 135,413 shares during the quarter. Northwestern Mutual Wealth Management Co. owned 0.35% of Global X MLP ETF worth $6,578,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of MLPA. Goldman Sachs Group Inc. bought a new position in shares of Global X MLP ETF in the first quarter worth $761,000. Empowered Funds LLC bought a new position in shares of Global X MLP ETF in the first quarter worth $1,555,000. Cerity Partners LLC grew its stake in shares of Global X MLP ETF by 17.1% in the second quarter. Cerity Partners LLC now owns 41,365 shares of the company’s stock worth $2,077,000 after purchasing an additional 6,033 shares in the last quarter. Qube Research & Technologies Ltd grew its stake in shares of Global X MLP ETF by 94.5% in the second quarter. Qube Research & Technologies Ltd now owns 10,418 shares of the company’s stock worth $523,000 after purchasing an additional 5,061 shares in the last quarter. Finally, NewEdge Advisors LLC grew its stake in shares of Global X MLP ETF by 8.5% in the second quarter. NewEdge Advisors LLC now owns 89,230 shares of the company’s stock worth $4,479,000 after purchasing an additional 7,010 shares in the last quarter.

Global X MLP ETF Stock Performance

NYSEARCA:MLPA opened at $55.72 on Friday. Global X MLP ETF has a 1 year low of $46.39 and a 1 year high of $56.53. The stock has a market cap of $2.22 billion, a price-to-earnings ratio of 14.42 and a beta of 0.47. The business has a fifty day moving average of $54.23 and a 200-day moving average of $51.60.

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.