Evergreen Capital Management LLC Makes New $23.03 Million Investment in Global X MLP ETF (NYSEARCA:MLPA)

Evergreen Capital Management LLC bought a new stake in shares of Global X MLP ETF (NYSEARCA:MLPA) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 474,797 shares of the company’s stock, valued at approximately $23,028,000. Global X MLP ETF accounts for about 0.8% of Evergreen Capital Management LLC’s portfolio, making the stock its 18th largest holding. Evergreen Capital Management LLC owned about 1.40% of Global X MLP ETF at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wells Fargo & Company MN raised its position in shares of Global X MLP ETF by 17.3% during 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 in the last quarter. Madison Asset Management LLC purchased a new position in Global X MLP ETF during the 4th quarter valued at about $4,686,000. Gradient Investments LLC raised its holdings in Global X MLP ETF by 18.6% in the second quarter. Gradient Investments LLC now owns 616,720 shares of the company’s stock worth $29,911,000 after buying an additional 96,852 shares during the last quarter. Cetera Investment Advisers raised its holdings in Global X MLP ETF by 44.0% in the first quarter. Cetera Investment Advisers now owns 295,725 shares of the company’s stock worth $14,260,000 after buying an additional 90,297 shares during the last quarter. Finally, Cetera Advisors LLC raised its holdings in Global X MLP ETF by 164.1% in the first quarter. Cetera Advisors LLC now owns 98,179 shares of the company’s stock worth $4,734,000 after buying an additional 61,003 shares during the last quarter.

Global X MLP ETF Stock Performance

Shares of Global X MLP ETF stock opened at $47.92 on Monday. The company has a 50-day simple moving average of $47.85 and a two-hundred day simple moving average of $47.75. Global X MLP ETF has a 52-week low of $42.78 and a 52-week high of $50.10. The stock has a market capitalization of $1.62 billion, a PE ratio of 12.27 and a beta of 0.37.

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.