Clarendon Private LLC Makes New $259,000 Investment in Global X MLP ETF (NYSEARCA:MLPA)

Clarendon Private LLC acquired a new stake in shares of Global X MLP ETF (NYSEARCA:MLPA) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,233 shares of the company’s stock, valued at approximately $259,000.

Several other hedge funds have also recently modified their holdings of MLPA. Mercer Global Advisors Inc. ADV grew its position in Global X MLP ETF by 15.7% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 8,277 shares of the company’s stock worth $401,000 after purchasing an additional 1,125 shares during the last quarter. Sei Investments Co. grew its holdings in shares of Global X MLP ETF by 8.4% during the second quarter. Sei Investments Co. now owns 60,726 shares of the company’s stock valued at $2,945,000 after buying an additional 4,706 shares during the last quarter. NewEdge Advisors LLC increased its position in shares of Global X MLP ETF by 53.6% in the 2nd quarter. NewEdge Advisors LLC now owns 65,044 shares of the company’s stock valued at $3,155,000 after acquiring an additional 22,701 shares during the period. Sunbelt Securities Inc. raised its stake in Global X MLP ETF by 116.9% in the 2nd quarter. Sunbelt Securities Inc. now owns 14,446 shares of the company’s stock worth $701,000 after acquiring an additional 7,785 shares during the last quarter. Finally, Truist Financial Corp acquired a new stake in Global X MLP ETF during the 2nd quarter worth about $838,000.

Global X MLP ETF Stock Performance

Shares of MLPA stock opened at $53.36 on Friday. Global X MLP ETF has a fifty-two week low of $44.49 and a fifty-two week high of $54.02. The firm has a market capitalization of $1.80 billion, a PE ratio of 12.27 and a beta of 0.37. The stock’s 50-day simple moving average is $50.65 and its 200-day simple moving average is $48.92.

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.