Global X MLP ETF $MLPA Stock Position Lifted by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. increased its position in Global X MLP ETF (NYSEARCA:MLPA) by 29,373.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 135,874 shares of the company’s stock after buying an additional 135,413 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Global X MLP ETF were worth $6,578,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Global X MLP ETF by 8.2% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 227,080 shares of the company’s stock valued at $10,879,000 after buying an additional 17,228 shares during the period. Exchange Traded Concepts LLC lifted its holdings in shares of Global X MLP ETF by 5.7% in the fourth quarter. Exchange Traded Concepts LLC now owns 186,220 shares of the company’s stock valued at $9,015,000 after buying an additional 10,088 shares during the period. Belpointe Asset Management LLC acquired a new stake in shares of Global X MLP ETF in the third quarter valued at $499,000. Gradient Investments LLC lifted its holdings in shares of Global X MLP ETF by 2.4% in the fourth quarter. Gradient Investments LLC now owns 458,127 shares of the company’s stock valued at $22,178,000 after buying an additional 10,858 shares during the period. Finally, Madison Park Capital Advisors LLC acquired a new stake in shares of Global X MLP ETF in the fourth quarter valued at $451,000.

Global X MLP ETF Stock Up 0.3%

Shares of Global X MLP ETF stock opened at $55.72 on Friday. The firm has a market cap of $2.22 billion, a price-to-earnings ratio of 14.42 and a beta of 0.47. The business has a fifty day simple moving average of $54.23 and a 200-day simple moving average of $51.60. Global X MLP ETF has a fifty-two week low of $46.39 and a fifty-two week high of $56.53.

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.