Madrid Financial Services Purchases New Position in Global X MLP ETF $MLPA

Madrid Financial Services purchased a new stake in shares of Global X MLP ETF (NYSEARCA:MLPA) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 484,213 shares of the company’s stock, valued at approximately $25,780,000. Global X MLP ETF comprises approximately 15.0% of Madrid Financial Services’ holdings, making the stock its largest holding. Madrid Financial Services owned 1.10% of Global X MLP ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Point Nemo Capital LLC acquired a new stake in Global X MLP ETF in the 3rd quarter valued at approximately $4,563,000. Endowment Wealth Management Inc. bought a new stake in Global X MLP ETF during the 3rd quarter valued at $961,000. Guild Investment Management Inc. bought a new stake in Global X MLP ETF during the 3rd quarter valued at $2,205,000. Parallel Advisors LLC acquired a new position in Global X MLP ETF during the 3rd quarter worth $26,000. Finally, Flagship Wealth Advisors LLC acquired a new position in Global X MLP ETF during the 3rd quarter worth $39,000.

Global X MLP ETF Stock Performance

NYSEARCA:MLPA opened at $51.86 on Friday. Global X MLP ETF has a 1 year low of $47.01 and a 1 year high of $58.00. The stock has a market cap of $2.28 billion, a price-to-earnings ratio of 14.42 and a beta of 0.48. The business has a fifty day moving average of $55.02 and a 200-day moving average of $54.32.

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.