Charles Schwab Trust Co Purchases New Stake in Global X MLP ETF $MLPA

Charles Schwab Trust Co acquired a new position in shares of Global X MLP ETF (NYSEARCA:MLPA) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 26,021 shares of the company’s stock, valued at approximately $1,385,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Triumph Capital Management purchased a new stake in shares of Global X MLP ETF in the third quarter valued at about $33,000. Field & Main Bank purchased a new position in Global X MLP ETF during the second quarter worth about $99,000. Turtle Creek Wealth Advisors LLC acquired a new position in Global X MLP ETF in the 1st quarter valued at about $102,000. NBH Bank purchased a new stake in shares of Global X MLP ETF in the 2nd quarter valued at approximately $119,000. Finally, Stillwater Private Wealth LLC purchased a new stake in shares of Global X MLP ETF in the 1st quarter valued at approximately $200,000.

Global X MLP ETF Price Performance

MLPA traded down $0.37 during trading hours on Thursday, reaching $53.28. The company’s stock had a trading volume of 97,241 shares, compared to its average volume of 239,362. The stock has a market cap of $2.26 billion, a PE ratio of 14.42 and a beta of 0.49. Global X MLP ETF has a fifty-two week low of $46.83 and a fifty-two week high of $58.00. The business’s 50-day moving average is $55.83 and its 200-day moving average is $54.81.

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.