Naviter Wealth LLC Has $1.49 Million Position in Global X MLP ETF (NYSEARCA:MLPA)

Naviter Wealth LLC boosted its holdings in shares of Global X MLP ETF (NYSEARCA:MLPA) by 385.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 30,144 shares of the company’s stock after acquiring an additional 23,939 shares during the quarter. Naviter Wealth LLC’s holdings in Global X MLP ETF were worth $1,489,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Black Swift Group LLC increased its holdings in shares of Global X MLP ETF by 1.3% during the 3rd quarter. Black Swift Group LLC now owns 41,155 shares of the company’s stock valued at $1,975,000 after acquiring an additional 535 shares during the last quarter. Advisors Asset Management Inc. bought a new stake in Global X MLP ETF during the third quarter worth approximately $65,000. Nwam LLC acquired a new stake in shares of Global X MLP ETF in the third quarter worth $312,000. Pekin Hardy Strauss Inc. increased its position in Global X MLP ETF by 1.5% during the third quarter. Pekin Hardy Strauss Inc. now owns 60,114 shares of the company’s stock worth $2,884,000 after acquiring an additional 902 shares during the period. Finally, Wiser Advisor Group LLC raised its stake in Global X MLP ETF by 3.0% during the 3rd quarter. Wiser Advisor Group LLC now owns 12,669 shares of the company’s stock valued at $608,000 after purchasing an additional 373 shares during the last quarter.

Global X MLP ETF Price Performance

NYSEARCA MLPA opened at $51.57 on Friday. The company’s fifty day moving average is $52.24 and its two-hundred day moving average is $49.92. Global X MLP ETF has a 52-week low of $45.28 and a 52-week high of $54.53. The firm has a market capitalization of $1.80 billion, a price-to-earnings ratio of 14.24 and a beta of 1.34.

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.