Independent Advisor Alliance Purchases Shares of 10,149 Global X MLP ETF (NYSEARCA:MLPA)

Independent Advisor Alliance purchased a new stake in Global X MLP ETF (NYSEARCA:MLPA) in the fourth quarter, HoldingsChannel reports. The fund purchased 10,149 shares of the company’s stock, valued at approximately $501,000.

Other hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its holdings in Global X MLP ETF by 32.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 16,298 shares of the company’s stock valued at $782,000 after purchasing an additional 3,953 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Global X MLP ETF by 17.9% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 19,800 shares of the company’s stock worth $975,000 after acquiring an additional 3,000 shares during the period. Golden State Equity Partners bought a new position in shares of Global X MLP ETF during the 4th quarter worth about $717,000. Principal Securities Inc. lifted its holdings in shares of Global X MLP ETF by 7.2% during the 4th quarter. Principal Securities Inc. now owns 13,078 shares of the company’s stock worth $646,000 after acquiring an additional 878 shares during the period. Finally, Beck Capital Management LLC lifted its holdings in shares of Global X MLP ETF by 2.9% during the 3rd quarter. Beck Capital Management LLC now owns 45,743 shares of the company’s stock worth $2,195,000 after acquiring an additional 1,300 shares during the period.

Global X MLP ETF Stock Performance

NYSEARCA:MLPA opened at $53.58 on Tuesday. The company has a 50-day moving average of $52.54 and a 200-day moving average of $50.14. The company has a market capitalization of $1.88 billion, a price-to-earnings ratio of 14.59 and a beta of 1.29. Global X MLP ETF has a 52 week low of $45.28 and a 52 week high of $54.53.

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.