Valley National Advisers Inc. Sells 23,903 Shares of Global X MLP ETF $MLPA

Valley National Advisers Inc. lessened its position in Global X MLP ETF (NYSEARCA:MLPA) by 60.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,958 shares of the company’s stock after selling 23,903 shares during the period. Valley National Advisers Inc.’s holdings in Global X MLP ETF were worth $850,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. IFP Advisors Inc grew its position 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 purchasing an additional 262 shares during the last quarter. Centurion Wealth Management LLC raised its holdings 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 valued at $1,292,000 after buying an additional 288 shares during the last quarter. Barry Investment Advisors LLC raised its holdings 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 valued at $11,044,000 after buying an additional 590 shares during the last quarter. LFG Wealth Partners LLC raised its holdings in shares of Global X MLP ETF by 2.8% during the first quarter. LFG Wealth Partners LLC now owns 22,673 shares of the company’s stock valued at $1,221,000 after buying an additional 608 shares during the last quarter. Finally, Triumph Capital Management acquired a new position in shares of Global X MLP ETF during the third quarter worth approximately $33,000.

Global X MLP ETF Stock Performance

Shares of NYSEARCA MLPA opened at $54.58 on Monday. Global X MLP ETF has a 12-month low of $47.01 and a 12-month high of $58.00. The company has a market cap of $2.39 billion, a PE ratio of 14.42 and a beta of 0.49. The stock has a 50 day simple moving average of $55.54 and a 200-day simple moving average of $54.81.

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.