Arete Wealth Advisors LLC Reduces Stock Position in Global X MLP ETF (NYSEARCA:MLPA)

Arete Wealth Advisors LLC reduced its stake in Global X MLP ETF (NYSEARCA:MLPA) by 51.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 4,601 shares of the company’s stock after selling 4,909 shares during the period. Arete Wealth Advisors LLC’s holdings in Global X MLP ETF were worth $227,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the stock. LPL Financial LLC boosted its stake in Global X MLP ETF by 6.9% in the 4th quarter. LPL Financial LLC now owns 763,739 shares of the company’s stock worth $37,736,000 after purchasing an additional 48,999 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Global X MLP ETF in the fourth quarter worth about $33,846,000. Columbus Macro LLC bought a new position in shares of Global X MLP ETF in the fourth quarter valued at approximately $12,358,000. Advisors Management Group Inc. ADV grew its stake in Global X MLP ETF by 4.4% during the fourth quarter. Advisors Management Group Inc. ADV now owns 244,814 shares of the company’s stock valued at $12,096,000 after acquiring an additional 10,355 shares in the last quarter. Finally, Madison Investment Advisors LLC bought a new stake in Global X MLP ETF during the 4th quarter worth approximately $8,940,000.

Global X MLP ETF Price Performance

NYSEARCA MLPA opened at $48.16 on Tuesday. The company’s 50 day simple moving average is $52.78 and its two-hundred day simple moving average is $50.67. Global X MLP ETF has a 1 year low of $45.09 and a 1 year high of $54.53. The stock has a market capitalization of $1.71 billion, a PE ratio of 14.90 and a beta of 0.94.

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.