Stevens Capital Partners Purchases New Holdings in Global X MLP ETF $MLPA

Stevens Capital Partners purchased a new position in shares of Global X MLP ETF (NYSEARCA:MLPA) in the third quarter, HoldingsChannel reports. The institutional investor purchased 14,278 shares of the company’s stock, valued at approximately $760,000.

Several other hedge funds also recently modified their holdings of the business. Foresight Capital Management Advisors Inc. bought a new position in Global X MLP ETF during the third quarter worth $31,000. Triumph Capital Management acquired a new position in Global X MLP ETF during the 3rd quarter valued at $33,000. Pinnacle Wealth Planning Services Inc. acquired a new position in Global X MLP ETF during the 3rd quarter valued at $41,000. Field & Main Bank bought a new stake in Global X MLP ETF in the 2nd quarter valued at $99,000. Finally, Turtle Creek Wealth Advisors LLC bought a new stake in Global X MLP ETF in the 1st quarter valued at $102,000.

Global X MLP ETF Price Performance

NYSEARCA MLPA opened at $55.88 on Friday. The company’s fifty day moving average is $55.38 and its two-hundred day moving average is $54.26. Global X MLP ETF has a 52-week low of $47.01 and a 52-week high of $58.00. The firm has a market capitalization of $2.46 billion, a price-to-earnings ratio of 14.42 and a beta of 0.49.

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.