Cascade Financial Partners LLC Sells 500 Shares of Global X MLP ETF (NYSEARCA:MLPA)

Cascade Financial Partners LLC cut its position in Global X MLP ETF (NYSEARCA:MLPA) by 0.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 108,114 shares of the company’s stock after selling 500 shares during the quarter. Global X MLP ETF accounts for about 0.7% of Cascade Financial Partners LLC’s holdings, making the stock its 29th biggest holding. Cascade Financial Partners LLC’s holdings in Global X MLP ETF were worth $5,342,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Heck Capital Advisors LLC bought a new position in Global X MLP ETF during the 4th quarter worth $61,000. Advisors Asset Management Inc. acquired a new stake in shares of Global X MLP ETF in the third quarter valued at about $65,000. Wilmington Savings Fund Society FSB bought a new position in shares of Global X MLP ETF during the third quarter worth about $80,000. Capital Advisors Ltd. LLC lifted its stake in shares of Global X MLP ETF by 54.4% in the fourth quarter. Capital Advisors Ltd. LLC now owns 1,666 shares of the company’s stock worth $82,000 after acquiring an additional 587 shares during the period. Finally, Bank of Jackson Hole Trust bought a new position in Global X MLP ETF during the 4th quarter worth approximately $116,000.

Global X MLP ETF Stock Up 0.5 %

MLPA stock opened at $51.87 on Wednesday. The firm has a market cap of $1.81 billion, a price-to-earnings ratio of 14.24 and a beta of 1.34. The company’s fifty day simple moving average is $52.34 and its 200 day simple moving average is $50.00. Global X MLP ETF has a 12-month low of $45.28 and a 12-month 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.