Sanctuary Advisors LLC Invests $287,000 in Global X MLP ETF (NYSEARCA:MLPA)

Sanctuary Advisors LLC acquired a new stake in Global X MLP ETF (NYSEARCA:MLPA) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,934 shares of the company’s stock, valued at approximately $287,000.

Several other hedge funds also recently added to or reduced their stakes in MLPA. Brown Financial Advisors purchased a new stake in Global X MLP ETF in the second quarter valued at $43,000. Cetera Investment Advisers lifted its position in Global X MLP ETF by 3.1% in the second quarter. Cetera Investment Advisers now owns 304,763 shares of the company’s stock valued at $14,781,000 after buying an additional 9,038 shares during the last quarter. Truist Financial Corp purchased a new position in Global X MLP ETF during the second quarter worth about $838,000. Sunbelt Securities Inc. increased its position in shares of Global X MLP ETF by 116.9% during the second quarter. Sunbelt Securities Inc. now owns 14,446 shares of the company’s stock valued at $701,000 after acquiring an additional 7,785 shares during the last quarter. Finally, NewEdge Advisors LLC increased its position in shares of Global X MLP ETF by 53.6% during the second quarter. NewEdge Advisors LLC now owns 65,044 shares of the company’s stock valued at $3,155,000 after acquiring an additional 22,701 shares during the last quarter.

Global X MLP ETF Stock Performance

Shares of MLPA stock opened at $47.93 on Friday. Global X MLP ETF has a one year low of $43.40 and a one year high of $50.10. The firm’s 50 day moving average price is $47.74 and its 200-day moving average price is $47.81. The firm has a market cap of $1.62 billion, a P/E 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.