85,707 Shares of Global X MLP ETF $MLPA Bought by Point Nemo Capital LLC

Point Nemo Capital LLC acquired a new position in shares of Global X MLP ETF (NYSEARCA:MLPA) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 85,707 shares of the company’s stock, valued at approximately $4,563,000. Global X MLP ETF comprises about 2.1% of Point Nemo Capital LLC’s holdings, making the stock its 13th biggest holding.

Several other hedge funds also recently modified their holdings of the company. Evergreen Capital Management LLC bought a new position in shares of Global X MLP ETF in the third quarter valued at approximately $25,760,000. Tectonic Advisors LLC acquired a new position in shares of Global X MLP ETF in the 3rd quarter worth approximately $15,247,000. Legacy Wealth Asset Management LLC bought a new stake in Global X MLP ETF during the 3rd quarter worth approximately $12,139,000. MBL Wealth LLC bought a new stake in Global X MLP ETF during the 3rd quarter worth approximately $8,811,000. Finally, Matrix Private Capital Group LLC bought a new stake in Global X MLP ETF during the 1st quarter worth approximately $7,641,000.

Global X MLP ETF Price Performance

MLPA stock opened at $51.86 on Friday. The business has a fifty day moving average price of $55.02 and a 200 day moving average price of $54.32. Global X MLP ETF has a fifty-two week low of $47.01 and a fifty-two week high of $58.00. The stock has a market capitalization of $2.28 billion, a price-to-earnings ratio of 14.42 and a beta of 0.48.

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.