Global X MLP ETF $MLPA Shares Purchased by Gradient Investments LLC

Gradient Investments LLC raised its position in shares of Global X MLP ETF (NYSEARCA:MLPA) by 2.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 458,127 shares of the company’s stock after buying an additional 10,858 shares during the quarter. Gradient Investments LLC’s holdings in Global X MLP ETF were worth $22,178,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Global X MLP ETF by 6.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 241,378 shares of the company’s stock worth $11,605,000 after purchasing an additional 14,298 shares during the period. Puff Wealth Management LLC acquired a new position in shares of Global X MLP ETF in the 4th quarter valued at about $608,000. Advisors Management Group Inc. ADV grew its holdings in shares of Global X MLP ETF by 0.9% during the 3rd quarter. Advisors Management Group Inc. ADV now owns 253,032 shares of the company’s stock worth $12,252,000 after purchasing an additional 2,191 shares during the period. IFP Advisors Inc grew its holdings in shares of Global X MLP ETF by 22.4% during the 3rd quarter. IFP Advisors Inc now owns 7,952 shares of the company’s stock worth $385,000 after purchasing an additional 1,454 shares during the period. Finally, Advisory Services Network LLC increased its position in Global X MLP ETF by 2.1% during the 3rd quarter. Advisory Services Network LLC now owns 72,894 shares of the company’s stock worth $3,530,000 after purchasing an additional 1,524 shares in the last quarter.

Global X MLP ETF Stock Performance

NYSEARCA MLPA opened at $54.44 on Monday. Global X MLP ETF has a one year low of $45.09 and a one year high of $54.94. The company’s 50 day moving average price is $52.44 and its 200 day moving average price is $49.83. The firm has a market capitalization of $2.14 billion, a price-to-earnings ratio of 14.42 and a beta of 0.64.

Global X MLP ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 12th. Stockholders of record on Monday, February 9th were given a $1.00 dividend. The ex-dividend date of this dividend was Monday, February 9th. This is an increase from Global X MLP ETF’s previous quarterly dividend of $0.98. This represents a $4.00 annualized dividend and a dividend yield of 7.3%.

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.