Raymond James Financial Inc. Invests $33.85 Million in Global X MLP ETF (NYSEARCA:MLPA)

Raymond James Financial Inc. bought a new position in shares of Global X MLP ETF (NYSEARCA:MLPA) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 685,004 shares of the company’s stock, valued at approximately $33,846,000.

A number of other institutional investors have also modified their holdings of the company. Heck Capital Advisors LLC acquired a new position in Global X MLP ETF during the 4th quarter worth approximately $61,000. Advisors Asset Management Inc. acquired a new position in shares of Global X MLP ETF in the 3rd quarter valued at approximately $65,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Global X MLP ETF in the 3rd quarter valued at approximately $80,000. Capital Advisors Ltd. LLC raised its position in shares of Global X MLP ETF by 54.4% in the 4th quarter. Capital Advisors Ltd. LLC now owns 1,666 shares of the company’s stock valued at $82,000 after purchasing an additional 587 shares in the last quarter. Finally, Bank of Jackson Hole Trust acquired a new position in shares of Global X MLP ETF in the 4th quarter valued at approximately $116,000.

Global X MLP ETF Trading Down 0.5 %

MLPA stock opened at $51.72 on Friday. The firm has a market cap of $1.81 billion, a P/E ratio of 14.24 and a beta of 1.34. Global X MLP ETF has a 12-month low of $45.28 and a 12-month high of $54.53. The stock’s 50 day simple moving average is $52.42 and its 200 day simple moving average is $50.02.

Global X MLP ETF Company 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.