Global X MLP ETF Sold

By on April 16, 2020

Drunken SerfsI decided to sell all Global X MLP (MLPA) holdings in the smaller accounts I manage held at Ameritrade, which includes the SMA Portfolio. This to avoid the $38 reorganization fee that I’ve been harping on in previous posts. For some reason the Fidelity split calendar and the Marketbeat split calendar have yet to reflect this upcoming event scheduled to occur on April 28, 2020. I found out about the reverse 1:6 split at Global Newswire

MLPA was sold toward the end of the trading day on April 14th at $3.80.

I will be monitoring opportunities to re-deploy cash from the sale (possibly back into MLPA after the split). Perhaps we’ll see a pullback from the extreme up move seen over the past 3 weeks.

Disclaimer: It is very challenging to outperform a buy and hold strategy. Historically, investors have found themselves well-served over the long-term by investing regularly in a diversified portfolio of stocks or low cost, broadly diversified indexed stock funds. Past performance has no relation to future performance. Profitable trades are not guaranteed. No system or methodology ensures stock market profits. Although accuracy is strived for, no guarantee is made regarding the accuracy of data presented.

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