Global Wealth Management Investment Advisory Inc. Grows Stock Holdings in Global X MLP ETF (NYSEARCA:MLPA)

Global Wealth Management Investment Advisory Inc. boosted its stake in shares of Global X MLP ETF (NYSEARCA:MLPA) by 12.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,253 shares of the company’s stock after buying an additional 4,036 shares during the period. Global Wealth Management Investment Advisory Inc. owned approximately 0.11% of Global X MLP ETF worth $1,791,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Columbus Macro LLC bought a new position in shares of Global X MLP ETF in the 4th quarter worth approximately $12,358,000. Raymond James & Associates raised its stake in 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. Tectonic Advisors LLC lifted its stake in shares of Global X MLP ETF by 9.3% during the 3rd quarter. Tectonic Advisors LLC now owns 231,423 shares of the company’s stock valued at $11,104,000 after buying an additional 19,700 shares in the last quarter. Truist Financial Corp purchased a new stake in shares of Global X MLP ETF during the second quarter worth about $838,000. Finally, Sonora Investment Management Group LLC raised its position in shares of Global X MLP ETF by 26.5% during the fourth quarter. Sonora Investment Management Group LLC now owns 81,479 shares of the company’s stock valued at $4,026,000 after buying an additional 17,090 shares during the last quarter.

Global X MLP ETF Stock Performance

MLPA opened at $52.68 on Monday. The stock has a market capitalization of $1.78 billion, a price-to-earnings ratio of 12.27 and a beta of 0.37. The company has a fifty day moving average of $51.17 and a 200 day moving average of $49.19. Global X MLP ETF has a fifty-two week low of $44.54 and a fifty-two week high of $54.53.

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.