Global X MLP ETF $MLPA Shares Acquired by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC lifted its holdings in shares of Global X MLP ETF (NYSEARCA:MLPA) by 5.7% during the fourth quarter, Holdings Channel.com reports. The fund owned 186,220 shares of the company’s stock after acquiring an additional 10,088 shares during the period. Exchange Traded Concepts LLC’s holdings in Global X MLP ETF were worth $9,015,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC boosted its stake in Global X MLP ETF by 8.2% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 227,080 shares of the company’s stock worth $10,879,000 after purchasing an additional 17,228 shares in the last quarter. Alpine Bank Wealth Management grew its position in Global X MLP ETF by 660.3% during the 3rd quarter. Alpine Bank Wealth Management now owns 13,800 shares of the company’s stock worth $668,000 after purchasing an additional 11,985 shares during the last quarter. Barry Investment Advisors LLC increased its stake in Global X MLP ETF by 5.3% during the 3rd quarter. Barry Investment Advisors LLC now owns 205,082 shares of the company’s stock valued at $9,932,000 after purchasing an additional 10,401 shares in the last quarter. Advisory Services Network LLC increased its stake in Global X MLP ETF by 19.7% during the 2nd quarter. Advisory Services Network LLC now owns 71,370 shares of the company’s stock valued at $3,680,000 after purchasing an additional 11,741 shares in the last quarter. Finally, Belpointe Asset Management LLC purchased a new position in shares of Global X MLP ETF in the third quarter worth $499,000.

Global X MLP ETF Stock Performance

NYSEARCA MLPA opened at $54.95 on Monday. Global X MLP ETF has a 12-month low of $45.09 and a 12-month high of $55.74. The company has a fifty day simple moving average of $52.90 and a two-hundred day simple moving average of $50.04. The stock has a market cap of $2.16 billion, a P/E ratio of 14.42 and a beta of 0.64.

Global X MLP ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 12th. Investors of record on Monday, February 9th were given a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 7.3%. 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.

Global X MLP ETF Company 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.