484,213 Shares in Global X MLP ETF $MLPA Bought by Madrid Financial Services

Madrid Financial Services purchased a new position in Global X MLP ETF (NYSEARCA:MLPA) in the third quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 484,213 shares of the company’s stock, valued at approximately $25,780,000. Global X MLP ETF accounts for 15.0% of Madrid Financial Services’ portfolio, making the stock its largest holding.

Other institutional investors and hedge funds have also made changes to their positions in the company. Evergreen Capital Management LLC acquired a new position in shares of Global X MLP ETF during the third quarter valued at approximately $25,760,000. Gradient Investments LLC raised its holdings in Global X MLP ETF by 3.4% during the second quarter. Gradient Investments LLC now owns 436,144 shares of the company’s stock worth $23,151,000 after purchasing an additional 14,343 shares in the last quarter. Royal Bank of Canada raised its holdings in Global X MLP ETF by 7.2% during the first quarter. Royal Bank of Canada now owns 403,392 shares of the company’s stock worth $21,733,000 after purchasing an additional 26,983 shares in the last quarter. Cetera Investment Advisers lifted its position in Global X MLP ETF by 2.3% in the first quarter. Cetera Investment Advisers now owns 321,927 shares of the company’s stock worth $17,342,000 after purchasing an additional 7,370 shares during the period. Finally, Tectonic Advisors LLC acquired a new stake in Global X MLP ETF in the third quarter worth approximately $15,247,000.

Global X MLP ETF Stock Performance

Shares of NYSEARCA MLPA opened at $51.86 on Friday. The stock has a fifty day moving average price of $55.02 and a two-hundred day moving average price of $54.32. The firm has a market cap of $2.28 billion, a P/E ratio of 14.42 and a beta of 0.48. Global X MLP ETF has a 1 year low of $47.01 and a 1 year high of $58.00.

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.