Pekin Hardy Strauss Inc. Acquires New Shares in Global X MLP ETF $MLPA

Pekin Hardy Strauss Inc. acquired a new stake in shares of Global X MLP ETF (NYSEARCA:MLPA) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 76,819 shares of the company’s stock, valued at approximately $4,090,000. Pekin Hardy Strauss Inc. owned about 0.17% of Global X MLP ETF as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Foresight Capital Management Advisors Inc. purchased a new stake in Global X MLP ETF in the third quarter worth approximately $31,000. Triumph Capital Management bought a new stake in Global X MLP ETF in the 3rd quarter worth approximately $33,000. Pinnacle Wealth Planning Services Inc. purchased a new stake in Global X MLP ETF during the 3rd quarter valued at $41,000. Field & Main Bank purchased a new stake in Global X MLP ETF during the 2nd quarter valued at $99,000. Finally, NBH Bank purchased a new stake in Global X MLP ETF during the 2nd quarter valued at $119,000.

Global X MLP ETF Price Performance

NYSEARCA MLPA opened at $51.54 on Friday. The stock has a market capitalization of $2.27 billion, a price-to-earnings ratio of 14.42 and a beta of 0.48. Global X MLP ETF has a 1-year low of $47.01 and a 1-year high of $58.00. The business’s fifty day moving average price is $55.12 and its 200-day moving average price is $54.32.

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.