Legacy Wealth Asset Management LLC Has $8.27 Million Stake in Global X MLP ETF (NYSEARCA:MLPA)

Legacy Wealth Asset Management LLC lifted its stake in Global X MLP ETF (NYSEARCA:MLPA) by 9.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 167,430 shares of the company’s stock after buying an additional 14,390 shares during the quarter. Global X MLP ETF comprises 2.3% of Legacy Wealth Asset Management LLC’s portfolio, making the stock its 3rd biggest holding. Legacy Wealth Asset Management LLC owned 0.50% of Global X MLP ETF worth $8,273,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in MLPA. Advisors Management Group Inc. ADV increased its stake in shares of Global X MLP ETF by 4.4% in the fourth quarter. Advisors Management Group Inc. ADV now owns 244,814 shares of the company’s stock worth $12,096,000 after purchasing an additional 10,355 shares in the last quarter. Worth Asset Management LLC bought a new position in Global X MLP ETF in the 4th quarter worth $374,000. Legacy Wealth Management LLC MS purchased a new stake in Global X MLP ETF in the 4th quarter worth $233,000. JPMorgan Chase & Co. raised its holdings in Global X MLP ETF by 32.0% during the third quarter. JPMorgan Chase & Co. now owns 16,298 shares of the company’s stock valued at $782,000 after acquiring an additional 3,953 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new stake in Global X MLP ETF during the third quarter valued at about $80,000.

Global X MLP ETF Stock Up 1.2 %

NYSEARCA MLPA opened at $52.74 on Friday. Global X MLP ETF has a twelve month low of $44.06 and a twelve month high of $52.74. The business has a 50-day moving average price of $50.07 and a 200-day moving average price of $48.74. The firm has a market cap of $1.78 billion, a price-to-earnings ratio of 12.27 and a beta of 0.37.

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.