Friedenthal Financial Trims Stock Holdings in Global X MLP ETF (NYSEARCA:MLPA)

Friedenthal Financial lowered its position in shares of Global X MLP ETF (NYSEARCA:MLPA) by 2.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 11,813 shares of the company’s stock after selling 247 shares during the quarter. Friedenthal Financial’s holdings in Global X MLP ETF were worth $584,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Pekin Hardy Strauss Inc. lifted its holdings in shares of Global X MLP ETF by 9.9% during 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 period. Evergreen Capital Management LLC purchased a new stake in shares of Global X MLP ETF in the 2nd quarter valued at $23,028,000. Strong Tower Advisory Services increased its stake in shares of Global X MLP ETF by 383.6% in the third quarter. Strong Tower Advisory Services now owns 36,420 shares of the company’s stock worth $1,747,000 after acquiring an additional 28,889 shares during the period. Sunbelt Securities Inc. lifted its position in Global X MLP ETF by 116.9% during the second quarter. Sunbelt Securities Inc. now owns 14,446 shares of the company’s stock valued at $701,000 after purchasing an additional 7,785 shares during the period. Finally, Guild Investment Management Inc. grew its position in Global X MLP ETF by 3.8% during the 3rd quarter. Guild Investment Management Inc. now owns 47,350 shares of the company’s stock worth $2,272,000 after purchasing an additional 1,750 shares during the period.

Global X MLP ETF Stock Up 0.8 %

Shares of MLPA stock traded up $0.40 on Monday, hitting $50.74. The company had a trading volume of 95,115 shares, compared to its average volume of 109,061. Global X MLP ETF has a twelve month low of $44.06 and a twelve month high of $52.61. The firm has a market cap of $1.72 billion, a P/E ratio of 12.27 and a beta of 0.37. The company has a 50-day moving average price of $49.79 and a 200-day moving average price of $48.65.

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.