Pekin Hardy Strauss Inc. Acquires 902 Shares of Global X MLP ETF (NYSEARCA:MLPA)

Pekin Hardy Strauss Inc. increased its stake in shares of Global X MLP ETF (NYSEARCA:MLPA) by 1.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 60,114 shares of the company’s stock after acquiring an additional 902 shares during the quarter. Pekin Hardy Strauss Inc. owned about 0.18% of Global X MLP ETF worth $2,884,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. LPL Financial LLC lifted its position in shares of Global X MLP ETF by 1.6% in the 2nd quarter. LPL Financial LLC now owns 684,407 shares of the company’s stock worth $33,194,000 after acquiring an additional 10,686 shares during the period. Gradient Investments LLC boosted its stake in Global X MLP ETF by 18.6% during the second quarter. Gradient Investments LLC now owns 616,720 shares of the company’s stock worth $29,911,000 after buying an additional 96,852 shares in the last quarter. Evergreen Capital Management LLC bought a new stake in Global X MLP ETF in the 2nd quarter valued at $23,028,000. Raymond James & Associates lifted its holdings in shares of Global X MLP ETF by 38.6% during the 3rd quarter. Raymond James & Associates now owns 465,116 shares of the company’s stock worth $22,316,000 after acquiring an additional 129,449 shares during the period. Finally, Cetera Investment Advisers boosted its position in shares of Global X MLP ETF by 3.1% during the 2nd quarter. Cetera Investment Advisers now owns 304,763 shares of the company’s stock valued at $14,781,000 after acquiring an additional 9,038 shares in the last quarter.

Global X MLP ETF Stock Up 1.1 %

NYSEARCA:MLPA opened at $50.89 on Friday. The firm has a market capitalization of $1.72 billion, a PE ratio of 12.27 and a beta of 0.37. Global X MLP ETF has a 12-month low of $43.40 and a 12-month high of $50.89. The firm has a 50-day moving average price of $48.28 and a 200 day moving average price of $47.91.

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.