Endowment Wealth Management Inc. Lowers Holdings in Global X MLP ETF (NYSEARCA:MLPA)

Endowment Wealth Management Inc. reduced its position in shares of Global X MLP ETF (NYSEARCA:MLPA) by 6.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,331 shares of the company’s stock after selling 739 shares during the quarter. Endowment Wealth Management Inc.’s holdings in Global X MLP ETF were worth $496,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Friedenthal Financial boosted its stake in shares of Global X MLP ETF by 2.1% during the 3rd 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 raised its holdings in Global X MLP ETF by 3.7% in the 3rd quarter. MONECO Advisors LLC now owns 7,255 shares of the company’s stock valued at $348,000 after acquiring an additional 261 shares during the last quarter. LGL Partners LLC raised its holdings in Global X MLP ETF by 1.9% in the 2nd quarter. LGL Partners LLC now owns 15,665 shares of the company’s stock valued at $760,000 after acquiring an additional 294 shares during the last quarter. Austin Wealth Management LLC increased its holdings in shares of Global X MLP ETF by 6.2% during the 1st quarter. Austin Wealth Management LLC now owns 7,122 shares of the company’s stock worth $336,000 after buying an additional 416 shares during the last quarter. Finally, J.W. Cole Advisors Inc. increased its holdings in shares of Global X MLP ETF by 4.2% during the 2nd quarter. J.W. Cole Advisors Inc. now owns 12,835 shares of the company’s stock worth $622,000 after buying an additional 523 shares during the last quarter.

Global X MLP ETF Stock Performance

NYSEARCA:MLPA opened at $48.06 on Thursday. The stock has a market capitalization of $1.62 billion, a P/E ratio of 12.27 and a beta of 0.37. The company has a 50 day moving average price of $47.97 and a 200 day moving average price of $47.82. Global X MLP ETF has a fifty-two week low of $43.40 and a fifty-two week high of $50.10.

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.