HighTower Advisors LLC Reduces Stake in Global X MLP ETF (NYSEARCA:MLPA)

HighTower Advisors LLC trimmed its position in shares of Global X MLP ETF (NYSEARCA:MLPA) by 4.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 59,123 shares of the company’s stock after selling 2,903 shares during the quarter. HighTower Advisors LLC’s holdings in Global X MLP ETF were worth $2,921,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Endowment Wealth Management Inc. raised its stake in shares of Global X MLP ETF by 2.2% during the 4th quarter. Endowment Wealth Management Inc. now owns 10,557 shares of the company’s stock worth $522,000 after buying an additional 226 shares during the last quarter. LVZ Inc. increased its holdings in Global X MLP ETF by 2.2% during the 4th quarter. LVZ Inc. now owns 10,882 shares of the company’s stock valued at $538,000 after acquiring an additional 232 shares in the last quarter. MONECO Advisors LLC raised its position in Global X MLP ETF by 3.9% during the fourth quarter. MONECO Advisors LLC now owns 7,535 shares of the company’s stock worth $372,000 after acquiring an additional 280 shares during the last quarter. L.M. Kohn & Company lifted its holdings in shares of Global X MLP ETF by 6.6% in the fourth quarter. L.M. Kohn & Company now owns 4,845 shares of the company’s stock valued at $239,000 after purchasing an additional 300 shares in the last quarter. Finally, LGL Partners LLC grew its position in shares of Global X MLP ETF by 1.9% in the fourth quarter. LGL Partners LLC now owns 16,276 shares of the company’s stock valued at $804,000 after purchasing an additional 302 shares during the last quarter.

Global X MLP ETF Price Performance

Shares of MLPA opened at $52.95 on Friday. Global X MLP ETF has a 1-year low of $45.28 and a 1-year high of $54.53. The stock has a market cap of $1.85 billion, a price-to-earnings ratio of 14.59 and a beta of 1.29. The firm has a 50 day simple moving average of $52.80 and a 200-day simple moving average of $50.26.

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.