Janney Montgomery Scott LLC Makes New $279,000 Investment in Global X MLP ETF $MLPA

Janney Montgomery Scott LLC acquired a new stake in shares of Global X MLP ETF (NYSEARCA:MLPA) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 5,549 shares of the company’s stock, valued at approximately $279,000.

A number of other hedge funds and other institutional investors have also modified their holdings of MLPA. Legend Financial Advisors Inc. bought a new stake in shares of Global X MLP ETF during the second quarter valued at about $25,000. CWM LLC bought a new stake in shares of Global X MLP ETF during the first quarter valued at about $42,000. SouthState Corp bought a new stake in shares of Global X MLP ETF during the first quarter valued at about $52,000. Register Financial Advisors LLC bought a new stake in shares of Global X MLP ETF during the first quarter valued at about $74,000. Finally, MGB Wealth Management LLC raised its stake in shares of Global X MLP ETF by 22.6% during the first quarter. MGB Wealth Management LLC now owns 1,630 shares of the company’s stock valued at $87,000 after purchasing an additional 300 shares in the last quarter.

Global X MLP ETF Stock Up 0.1%

Shares of NYSEARCA MLPA opened at $47.18 on Monday. The firm’s 50-day simple moving average is $48.86 and its 200 day simple moving average is $49.48. Global X MLP ETF has a fifty-two week low of $45.09 and a fifty-two week high of $54.53. The stock has a market cap of $1.77 billion, a P/E ratio of 14.42 and a beta of 1.40.

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.