Sykon Capital LLC Purchases 40,481 Shares of Global X MLP ETF (NYSEARCA:MLPA)

Sykon Capital LLC boosted its holdings in shares of Global X MLP ETF (NYSEARCA:MLPA) by 681.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 46,423 shares of the company’s stock after purchasing an additional 40,481 shares during the period. Sykon Capital LLC’s holdings in Global X MLP ETF were worth $2,057,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. First Horizon Advisors Inc. raised its stake in Global X MLP ETF by 33.3% during the fourth quarter. First Horizon Advisors Inc. now owns 3,486 shares of the company’s stock worth $154,000 after acquiring an additional 871 shares in the last quarter. Global Wealth Management Investment Advisory Inc. lifted its stake in Global X MLP ETF by 1.6% in the 4th quarter. Global Wealth Management Investment Advisory Inc. now owns 26,474 shares of the company’s stock valued at $1,173,000 after purchasing an additional 410 shares during the last quarter. MONECO Advisors LLC acquired a new stake in Global X MLP ETF in the fourth quarter valued at approximately $297,000. Pekin Hardy Strauss Inc. grew its stake in shares of Global X MLP ETF by 12.2% during the fourth quarter. Pekin Hardy Strauss Inc. now owns 45,542 shares of the company’s stock worth $2,018,000 after buying an additional 4,935 shares during the last quarter. Finally, LGL Partners LLC increased its holdings in shares of Global X MLP ETF by 27.9% during the fourth quarter. LGL Partners LLC now owns 15,080 shares of the company’s stock worth $668,000 after buying an additional 3,292 shares in the last quarter.

Global X MLP ETF Stock Performance

Shares of MLPA traded up $0.42 during trading hours on Friday, reaching $48.07. The stock had a trading volume of 72,719 shares, compared to its average volume of 121,101. Global X MLP ETF has a 12 month low of $40.22 and a 12 month high of $49.25. The stock has a market capitalization of $1.63 billion, a PE ratio of 12.27 and a beta of 0.37. The company’s 50-day moving average is $47.64 and its two-hundred day moving average is $45.92.

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.