MONECO Advisors LLC Buys Shares of 6,696 Global X MLP ETF (NYSEARCA:MLPA)

MONECO Advisors LLC bought a new stake in shares of Global X MLP ETF (NYSEARCA:MLPA) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 6,696 shares of the company’s stock, valued at approximately $297,000.

A number of other hedge funds have also recently made changes to their positions in MLPA. Cambridge Investment Research Advisors Inc. grew its holdings in shares of Global X MLP ETF by 22.0% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 28,796 shares of the company’s stock worth $1,284,000 after acquiring an additional 5,194 shares during the period. Pinnacle Associates Ltd. grew its stake in shares of Global X MLP ETF by 18.8% during the 3rd quarter. Pinnacle Associates Ltd. now owns 72,251 shares of the company’s stock valued at $3,222,000 after acquiring an additional 11,435 shares during the period. Raymond James & Associates increased its stake in Global X MLP ETF by 0.7% in the 3rd quarter. Raymond James & Associates now owns 363,401 shares of the company’s stock worth $16,204,000 after buying an additional 2,492 shares in the last quarter. Stratos Wealth Partners LTD. boosted its position in shares of Global X MLP ETF by 52.7% during the third quarter. Stratos Wealth Partners LTD. now owns 28,265 shares of the company’s stock worth $1,260,000 after acquiring an additional 9,753 shares during the last quarter. Finally, J.W. Cole Advisors Inc. increased its holdings in shares of Global X MLP ETF by 17.7% in the third quarter. J.W. Cole Advisors Inc. now owns 13,622 shares of the company’s stock worth $607,000 after purchasing an additional 2,048 shares during the last quarter.

Global X MLP ETF Stock Down 0.8 %

Shares of NYSEARCA:MLPA opened at $47.30 on Thursday. Global X MLP ETF has a 52 week low of $40.22 and a 52 week high of $49.25. The firm has a fifty day simple moving average of $47.60 and a two-hundred day simple moving average of $45.88. The stock has a market capitalization of $1.60 billion, a P/E ratio of 12.27 and a beta of 0.37.

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.