Envestnet Asset Management Inc. Reduces Position in Global X MLP ETF (NYSEARCA:MLPA)

Envestnet Asset Management Inc. lessened its holdings in shares of Global X MLP ETF (NYSEARCA:MLPA) by 39.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 638,460 shares of the company’s stock after selling 414,367 shares during the quarter. Envestnet Asset Management Inc. owned approximately 1.89% of Global X MLP ETF worth $30,965,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently modified their holdings of the company. CoreCap Advisors LLC purchased a new position in shares of Global X MLP ETF during the 2nd quarter valued at $363,000. Eagle Strategies LLC purchased a new position in shares of Global X MLP ETF during the 2nd quarter valued at $326,000. LPL Financial LLC lifted 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 valued at $33,194,000 after buying an additional 10,686 shares in the last quarter. Dorsey & Whitney Trust CO LLC lifted its stake in shares of Global X MLP ETF by 71.2% during the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 9,253 shares of the company’s stock valued at $449,000 after buying an additional 3,847 shares in the last quarter. Finally, Choreo LLC lifted its stake in shares of Global X MLP ETF by 7.7% during the 2nd quarter. Choreo LLC now owns 15,124 shares of the company’s stock valued at $738,000 after buying an additional 1,075 shares in the last quarter.

Global X MLP ETF Stock Performance

MLPA opened at $47.92 on Friday. Global X MLP ETF has a fifty-two week low of $42.78 and a fifty-two week high of $50.10. The firm’s fifty day moving average is $47.85 and its 200 day moving average is $47.74. The stock has a market cap of $1.62 billion, a price-to-earnings ratio of 12.27 and a beta of 0.37.

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.