Rockland Trust Co. Has $1.08 Million Stock Holdings in Global X MLP ETF (NYSEARCA:MLPA)

Rockland Trust Co. trimmed its stake in shares of Global X MLP ETF (NYSEARCA:MLPA) by 11.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,449 shares of the company’s stock after selling 2,869 shares during the quarter. Rockland Trust Co. owned approximately 0.07% of Global X MLP ETF worth $1,077,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Cetera Investment Advisers lifted its holdings in shares of Global X MLP ETF by 44.0% in the first quarter. Cetera Investment Advisers now owns 295,725 shares of the company’s stock valued at $14,260,000 after purchasing an additional 90,297 shares in the last quarter. Stephens Inc. AR lifted its holdings in shares of Global X MLP ETF by 28.5% during the 4th quarter. Stephens Inc. AR now owns 70,050 shares of the company’s stock worth $3,103,000 after acquiring an additional 15,555 shares during the last quarter. Envestnet Portfolio Solutions Inc. purchased a new stake in Global X MLP ETF in the first quarter worth approximately $2,221,000. Pekin Hardy Strauss Inc. lifted its stake in Global X MLP ETF by 9.9% in the second quarter. Pekin Hardy Strauss Inc. now owns 59,212 shares of the company’s stock worth $2,872,000 after purchasing an additional 5,325 shares during the last quarter. Finally, Evergreen Capital Management LLC bought a new stake in Global X MLP ETF in the second quarter valued at approximately $23,028,000.

Global X MLP ETF Stock Performance

Shares of NYSEARCA MLPA traded down $0.24 during trading hours on Friday, hitting $48.48. The company’s stock had a trading volume of 57,463 shares, compared to its average volume of 124,291. Global X MLP ETF has a 12 month low of $43.02 and a 12 month high of $50.10. The stock has a market cap of $1.64 billion, a price-to-earnings ratio of 12.27 and a beta of 0.37. The business has a 50-day simple moving average of $47.61 and a 200-day simple moving average of $47.79.

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.