Global X MLP ETF (NYSEARCA:MLPA) Shares Sold by Ashton Thomas Private Wealth LLC

Ashton Thomas Private Wealth LLC lowered its stake in Global X MLP ETF (NYSEARCA:MLPA) by 2.3% during the third quarter, Holdings Channel.com reports. The fund owned 78,898 shares of the company’s stock after selling 1,860 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in Global X MLP ETF were worth $3,786,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MLPA. Cetera Investment Advisers increased its stake in Global X MLP ETF by 44.0% during the first quarter. Cetera Investment Advisers now owns 295,725 shares of the company’s stock worth $14,260,000 after purchasing an additional 90,297 shares during the period. Envestnet Portfolio Solutions Inc. acquired a new stake in shares of Global X MLP ETF in the first quarter valued at approximately $2,221,000. Pekin Hardy Strauss Inc. raised its stake in shares of Global X MLP ETF by 9.9% during the second quarter. Pekin Hardy Strauss Inc. now owns 59,212 shares of the company’s stock worth $2,872,000 after purchasing an additional 5,325 shares during the last quarter. Evergreen Capital Management LLC purchased a new stake in shares of Global X MLP ETF during the second quarter worth approximately $23,028,000. Finally, Strong Tower Advisory Services raised its position in Global X MLP ETF by 383.6% in the third quarter. Strong Tower Advisory Services now owns 36,420 shares of the company’s stock worth $1,747,000 after acquiring an additional 28,889 shares in the last quarter.

Global X MLP ETF Stock Performance

NYSEARCA:MLPA opened at $48.22 on Tuesday. The stock has a market capitalization of $1.63 billion, a price-to-earnings ratio of 12.27 and a beta of 0.37. Global X MLP ETF has a 1 year low of $43.40 and a 1 year high of $50.10. The stock has a fifty day moving average price of $47.96 and a two-hundred day moving average price of $47.82.

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.