Apollon Wealth Management LLC Trims Stake in Global X MLP ETF (NYSEARCA:MLPA)

Apollon Wealth Management LLC reduced its position in shares of Global X MLP ETF (NYSEARCA:MLPA) by 3.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,812 shares of the company’s stock after selling 632 shares during the period. Apollon Wealth Management LLC’s holdings in Global X MLP ETF were worth $781,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. Friedenthal Financial grew its position in Global X MLP ETF by 2.1% in the third quarter. Friedenthal Financial now owns 12,060 shares of the company’s stock worth $579,000 after acquiring an additional 251 shares in the last quarter. MONECO Advisors LLC grew its position in Global X MLP ETF by 3.7% in the third quarter. MONECO Advisors LLC now owns 7,255 shares of the company’s stock worth $348,000 after acquiring an additional 261 shares in the last quarter. Wiser Advisor Group LLC grew its position in Global X MLP ETF by 3.0% in the third quarter. Wiser Advisor Group LLC now owns 12,669 shares of the company’s stock worth $608,000 after acquiring an additional 373 shares in the last quarter. Capital Advisors Ltd. LLC grew its position in Global X MLP ETF by 94.4% in the third quarter. Capital Advisors Ltd. LLC now owns 1,079 shares of the company’s stock worth $52,000 after acquiring an additional 524 shares in the last quarter. Finally, Black Swift Group LLC grew its position in Global X MLP ETF by 1.3% in the third quarter. Black Swift Group LLC now owns 41,155 shares of the company’s stock worth $1,975,000 after acquiring an additional 535 shares in the last quarter.

Global X MLP ETF Stock Performance

Shares of NYSEARCA:MLPA opened at $52.44 on Wednesday. Global X MLP ETF has a 52-week low of $44.59 and a 52-week high of $54.53. The firm has a fifty day moving average of $51.19 and a 200 day moving average of $49.23. The firm has a market capitalization of $1.77 billion, a PE ratio of 12.27 and a beta of 0.37.

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.