4,422 Shares in Global X MLP ETF (NYSEARCA:MLPA) Purchased by ProVise Management Group LLC

ProVise Management Group LLC purchased a new position in Global X MLP ETF (NYSEARCA:MLPA) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,422 shares of the company’s stock, valued at approximately $218,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Tocqueville Asset Management L.P. increased its stake in shares of Global X MLP ETF by 2.3% during the fourth quarter. Tocqueville Asset Management L.P. now owns 37,914 shares of the company’s stock valued at $1,873,000 after purchasing an additional 869 shares in the last quarter. Flagship Wealth Advisors LLC bought a new position in shares of Global X MLP ETF during the fourth quarter valued at approximately $37,000. Corient Private Wealth LLC increased its stake in shares of Global X MLP ETF by 10.2% during the fourth quarter. Corient Private Wealth LLC now owns 12,846 shares of the company’s stock valued at $635,000 after purchasing an additional 1,185 shares in the last quarter. Madison Investment Advisors LLC purchased a new stake in shares of Global X MLP ETF during the fourth quarter valued at approximately $8,940,000. Finally, Avantax Advisory Services Inc. grew its holdings in shares of Global X MLP ETF by 8.0% during the fourth quarter. Avantax Advisory Services Inc. now owns 7,166 shares of the company’s stock valued at $354,000 after buying an additional 529 shares during the last quarter.

Global X MLP ETF Stock Up 0.4 %

NYSEARCA:MLPA opened at $53.84 on Thursday. The company’s 50 day moving average price is $52.69 and its 200-day moving average price is $50.21. Global X MLP ETF has a 52 week low of $45.28 and a 52 week high of $54.53. The stock has a market cap of $1.88 billion, a price-to-earnings ratio of 14.59 and a beta of 1.29.

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.