Capital Advisors Wealth Management LLC Decreases Position in Global X MLP ETF (NYSEARCA:MLPA)

Capital Advisors Wealth Management LLC decreased its position in shares of Global X MLP ETF (NYSEARCA:MLPA) by 56.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 67,645 shares of the company’s stock after selling 86,717 shares during the quarter. Capital Advisors Wealth Management LLC owned 0.21% of Global X MLP ETF worth $2,904,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. increased its holdings in Global X MLP ETF by 15.2% in the 1st quarter. JPMorgan Chase & Co. now owns 2,413 shares of the company’s stock worth $97,000 after buying an additional 318 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in shares of Global X MLP ETF by 15.7% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 13,634 shares of the company’s stock valued at $549,000 after purchasing an additional 1,855 shares during the last quarter. Cambridge Investment Research Advisors Inc. bought a new position in Global X MLP ETF during the first quarter valued at approximately $742,000. Baird Financial Group Inc. boosted its holdings in Global X MLP ETF by 9.5% in the first quarter. Baird Financial Group Inc. now owns 6,933 shares of the company’s stock worth $279,000 after purchasing an additional 600 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its holdings in Global X MLP ETF by 3.9% in the first quarter. NewEdge Advisors LLC now owns 28,564 shares of the company’s stock worth $1,151,000 after purchasing an additional 1,060 shares during the last quarter.

Global X MLP ETF Stock Up 0.3 %

Shares of Global X MLP ETF stock traded up $0.13 during trading hours on Monday, reaching $44.36. 12,940 shares of the stock traded hands, compared to its average volume of 101,167. Global X MLP ETF has a one year low of $37.40 and a one year high of $44.69. The firm has a market capitalization of $1.40 billion, a price-to-earnings ratio of 10.69 and a beta of 1.40. The company has a 50 day moving average price of $43.70 and a 200 day moving average price of $42.57.

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.