Global X MLP ETF (NYSEARCA:MLPA) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. cut its stake in shares of Global X MLP ETF (NYSEARCA:MLPA) by 2.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 477,560 shares of the company’s stock after selling 13,900 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Global X MLP ETF were worth $25,421,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. NBC Securities Inc. acquired a new position in shares of Global X MLP ETF during the first quarter worth about $34,000. Flagship Wealth Advisors LLC acquired a new position in Global X MLP ETF in the fourth quarter valued at approximately $37,000. Heck Capital Advisors LLC acquired a new position in Global X MLP ETF in the fourth quarter valued at approximately $61,000. Register Financial Advisors LLC acquired a new position in Global X MLP ETF in the first quarter valued at approximately $74,000. Finally, AdvisorNet Financial Inc acquired a new position in Global X MLP ETF in the first quarter valued at approximately $102,000.

Global X MLP ETF Stock Down 1.1%

Shares of MLPA opened at $49.90 on Wednesday. The stock has a 50 day moving average price of $49.99 and a 200 day moving average price of $51.00. The company has a market capitalization of $1.79 billion, a price-to-earnings ratio of 14.42 and a beta of 1.40. Global X MLP ETF has a 52-week low of $45.09 and a 52-week high of $54.53.

About Global X MLP ETF

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.