76,819 Shares of Global X MLP ETF $MLPA Acquired by Pekin Hardy Strauss Inc.

Pekin Hardy Strauss Inc. acquired a new position in Global X MLP ETF (NYSEARCA:MLPA) during the 3rd quarter, Holdings Channel reports. The firm acquired 76,819 shares of the company’s stock, valued at approximately $4,090,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Kestra Advisory Services LLC bought a new stake in Global X MLP ETF during the third quarter valued at approximately $677,000. Inscription Capital LLC bought a new position in Global X MLP ETF in the third quarter worth approximately $502,000. Commonwealth Equity Services LLC bought a new position in Global X MLP ETF in the third quarter worth approximately $1,760,000. Legacy Wealth Management LLC MS bought a new position in Global X MLP ETF in the third quarter worth approximately $251,000. Finally, Sumitomo Mitsui Trust Group Inc. raised its position in Global X MLP ETF by 177.8% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 25,000 shares of the company’s stock worth $1,331,000 after acquiring an additional 16,000 shares during the period.

Global X MLP ETF Price Performance

Shares of Global X MLP ETF stock opened at $51.54 on Friday. The company’s fifty day simple moving average is $55.12 and its 200-day simple moving average is $54.32. The stock has a market capitalization of $2.27 billion, a PE 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 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.