Creative Planning Decreases Stock Holdings in Global X MLP ETF (NYSEARCA:MLPA)

Creative Planning lowered its stake in Global X MLP ETF (NYSEARCA:MLPA) by 1.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,969,411 shares of the company’s stock after selling 25,702 shares during the quarter. Creative Planning owned 5.82% of Global X MLP ETF worth $94,492,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in MLPA. LPL Financial LLC boosted its stake in shares of Global X MLP ETF by 1.6% during the 2nd quarter. LPL Financial LLC now owns 684,407 shares of the company’s stock worth $33,194,000 after acquiring an additional 10,686 shares during the last quarter. Gradient Investments LLC grew its holdings in Global X MLP ETF by 18.6% during the second quarter. Gradient Investments LLC now owns 616,720 shares of the company’s stock valued at $29,911,000 after purchasing an additional 96,852 shares during the period. Evergreen Capital Management LLC purchased a new stake in Global X MLP ETF in the second quarter worth about $23,028,000. Cetera Investment Advisers raised its stake in shares of Global X MLP ETF by 3.1% in the second quarter. Cetera Investment Advisers now owns 304,763 shares of the company’s stock worth $14,781,000 after buying an additional 9,038 shares during the period. Finally, Advisors Management Group Inc. ADV lifted its position in shares of Global X MLP ETF by 0.9% during the 2nd quarter. Advisors Management Group Inc. ADV now owns 233,078 shares of the company’s stock valued at $11,304,000 after buying an additional 2,017 shares in the last quarter.

Global X MLP ETF Stock Performance

MLPA stock opened at $47.93 on Friday. The company’s fifty day moving average price is $47.74 and its 200-day moving average price is $47.80. Global X MLP ETF has a one year low of $43.40 and a one year high of $50.10. The company 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.