Royal Bank of Canada Raises Holdings in Global X MLP ETF $MLPA

Royal Bank of Canada increased its holdings in Global X MLP ETF (NYSEARCA:MLPA) by 7.2% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 403,392 shares of the company’s stock after buying an additional 26,983 shares during the period. Royal Bank of Canada owned about 1.01% of Global X MLP ETF worth $21,733,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. Turtle Creek Wealth Advisors LLC purchased a new position in shares of Global X MLP ETF in the 1st quarter valued at $102,000. NBC Securities Inc. lifted its stake in shares of Global X MLP ETF by 9.7% during the 4th quarter. NBC Securities Inc. now owns 2,683 shares of the company’s stock worth $130,000 after purchasing an additional 238 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in Global X MLP ETF by 541.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,957 shares of the company’s stock valued at $143,000 after purchasing an additional 2,496 shares in the last quarter. Newbridge Financial Services Group Inc. boosted its position in Global X MLP ETF by 1,461.2% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 3,060 shares of the company’s stock valued at $148,000 after purchasing an additional 2,864 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its stake in Global X MLP ETF by 367.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 4,397 shares of the company’s stock valued at $213,000 after purchasing an additional 3,456 shares during the last quarter.

Global X MLP ETF Stock Performance

Shares of Global X MLP ETF stock opened at $55.82 on Thursday. The company has a market capitalization of $2.26 billion, a PE ratio of 14.42 and a beta of 0.45. The company has a 50-day simple moving average of $54.27 and a two-hundred day simple moving average of $53.75. Global X MLP ETF has a one year low of $46.39 and a one year high of $56.88.

Global X MLP ETF 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.