Park Avenue Securities LLC Invests $1.57 Million in Global X MLP ETF (NYSEARCA:MLPA)

Park Avenue Securities LLC bought a new stake in Global X MLP ETF (NYSEARCA:MLPA) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 32,642 shares of the company’s stock, valued at approximately $1,574,000. Park Avenue Securities LLC owned about 0.10% of Global X MLP ETF as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of MLPA. Gradient Investments LLC raised its position in Global X MLP ETF by 71.5% in the 4th quarter. Gradient Investments LLC now owns 455,452 shares of the company’s stock valued at $20,177,000 after buying an additional 189,931 shares during the last quarter. Wells Fargo & Company MN raised its position in Global X MLP ETF by 17.3% in the 4th quarter. Wells Fargo & Company MN now owns 765,454 shares of the company’s stock valued at $33,910,000 after buying an additional 113,025 shares during the last quarter. Madison Asset Management LLC acquired a new position in shares of Global X MLP ETF during the 4th quarter worth approximately $4,686,000. UBS Group AG increased its position in shares of Global X MLP ETF by 7.1% during the 4th quarter. UBS Group AG now owns 1,107,700 shares of the company’s stock worth $49,071,000 after purchasing an additional 73,439 shares during the last quarter. Finally, Sykon Capital LLC increased its position in shares of Global X MLP ETF by 681.3% during the 4th quarter. Sykon Capital LLC now owns 46,423 shares of the company’s stock worth $2,057,000 after purchasing an additional 40,481 shares during the last quarter.

Global X MLP ETF Stock Up 0.4 %

NYSEARCA:MLPA opened at $47.55 on Monday. The firm has a market capitalization of $1.61 billion, a price-to-earnings ratio of 12.27 and a beta of 0.37. Global X MLP ETF has a twelve month low of $41.74 and a twelve month high of $49.25. The stock’s 50 day moving average price is $47.26 and its two-hundred day moving average price is $46.47.

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.