17,282 Shares in Global X MLP ETF (NYSEARCA:MLPA) Purchased by Truist Financial Corp

Truist Financial Corp acquired a new stake in shares of Global X MLP ETF (NYSEARCA:MLPA) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 17,282 shares of the company’s stock, valued at approximately $838,000. Truist Financial Corp owned about 0.05% of Global X MLP ETF as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Rothschild Investment LLC acquired a new position in shares of Global X MLP ETF during the second quarter worth about $30,000. Park Place Capital Corp purchased a new position in shares of Global X MLP ETF during the 1st quarter worth approximately $53,000. Triad Wealth Partners LLC acquired a new stake in shares of Global X MLP ETF in the 2nd quarter valued at approximately $63,000. Centerpoint Advisors LLC purchased a new stake in shares of Global X MLP ETF in the second quarter valued at approximately $73,000. Finally, PNC Financial Services Group Inc. grew its holdings in Global X MLP ETF by 187.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,661 shares of the company’s stock worth $118,000 after acquiring an additional 1,735 shares during the period.

Global X MLP ETF Stock Performance

Global X MLP ETF stock opened at $48.49 on Tuesday. The company has a market cap of $1.64 billion, a P/E ratio of 12.27 and a beta of 0.37. Global X MLP ETF has a one year low of $43.40 and a one year high of $50.10. The business has a fifty day moving average of $47.63 and a two-hundred day moving average of $47.81.

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.