Tectonic Advisors LLC Buys 286,377 Shares of Global X MLP ETF $MLPA

Tectonic Advisors LLC purchased a new stake in shares of Global X MLP ETF (NYSEARCA:MLPA) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 286,377 shares of the company’s stock, valued at approximately $15,247,000. Tectonic Advisors LLC owned approximately 0.65% of Global X MLP ETF at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. IFP Advisors Inc lifted its holdings in Global X MLP ETF by 3.4% in the 3rd quarter. IFP Advisors Inc now owns 7,899 shares of the company’s stock worth $421,000 after buying an additional 262 shares in the last quarter. Centurion Wealth Management LLC increased its position in shares of Global X MLP ETF by 1.2% during the second quarter. Centurion Wealth Management LLC now owns 24,348 shares of the company’s stock worth $1,292,000 after acquiring an additional 288 shares during the last quarter. Barry Investment Advisors LLC increased its position in shares of Global X MLP ETF by 0.3% during the first quarter. Barry Investment Advisors LLC now owns 205,014 shares of the company’s stock worth $11,044,000 after acquiring an additional 590 shares during the last quarter. LFG Wealth Partners LLC lifted its stake in shares of Global X MLP ETF by 2.8% in the first quarter. LFG Wealth Partners LLC now owns 22,673 shares of the company’s stock worth $1,221,000 after acquiring an additional 608 shares in the last quarter. Finally, Triumph Capital Management acquired a new position in shares of Global X MLP ETF in the third quarter worth about $33,000.

Global X MLP ETF Price Performance

MLPA traded up $0.79 on Friday, reaching $54.58. The company’s stock had a trading volume of 117,742 shares, compared to its average volume of 237,312. Global X MLP ETF has a 1 year low of $47.01 and a 1 year high of $58.00. The business’s 50 day moving average is $55.54 and its 200 day moving average is $54.80. The stock has a market cap of $2.39 billion, a price-to-earnings ratio of 14.42 and a beta of 0.49.

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.