Global X MLP ETF $MLPA Stake Lowered by Advisors Management Group Inc. ADV

Advisors Management Group Inc. ADV reduced its position in shares of Global X MLP ETF (NYSEARCA:MLPA) by 6.6% in the fourth quarter, Holdings Channel reports. The firm owned 236,296 shares of the company’s stock after selling 16,736 shares during the quarter. Global X MLP ETF accounts for 2.1% of Advisors Management Group Inc. ADV’s holdings, making the stock its 8th biggest holding. Advisors Management Group Inc. ADV’s holdings in Global X MLP ETF were worth $11,439,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its position in Global X MLP ETF by 3.7% in the 3rd quarter. Bank of America Corp DE now owns 1,187,268 shares of the company’s stock valued at $57,488,000 after acquiring an additional 42,273 shares in the last quarter. Evergreen Capital Management LLC boosted its holdings in shares of Global X MLP ETF by 1.1% during the 3rd quarter. Evergreen Capital Management LLC now owns 486,475 shares of the company’s stock valued at $23,555,000 after acquiring an additional 5,487 shares during the last quarter. Gradient Investments LLC grew its stake in shares of Global X MLP ETF by 2.4% in the fourth quarter. Gradient Investments LLC now owns 458,127 shares of the company’s stock worth $22,178,000 after acquiring an additional 10,858 shares during the period. Tectonic Advisors LLC boosted its holdings in Global X MLP ETF by 5.3% in the third quarter. Tectonic Advisors LLC now owns 286,664 shares of the company’s stock worth $13,880,000 after purchasing an additional 14,300 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in Global X MLP ETF by 6.3% in the fourth 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 last quarter.

Global X MLP ETF Trading Down 0.9%

NYSEARCA:MLPA opened at $54.95 on Friday. Global X MLP ETF has a 12 month low of $45.09 and a 12 month high of $55.74. The company has a 50 day simple moving average of $52.90 and a two-hundred day simple moving average of $50.03. The company has a market cap of $2.16 billion, a PE 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. Investors of record on Monday, February 9th were issued a $1.00 dividend. The ex-dividend date of this dividend was Monday, February 9th. This is a positive change from Global X MLP ETF’s previous quarterly dividend of $0.98. This represents a $4.00 dividend on an annualized basis 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.