Advisors Asset Management Inc. Grows Stake in Global X MLP ETF $MLPA

Advisors Asset Management Inc. grew its stake in shares of Global X MLP ETF (NYSEARCA:MLPA) by 37.0% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 124,371 shares of the company’s stock after acquiring an additional 33,584 shares during the period. Advisors Asset Management Inc. owned about 0.33% of Global X MLP ETF worth $6,022,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. Wealthfront Advisers LLC lifted its stake in Global X MLP ETF by 12.6% in the third quarter. Wealthfront Advisers LLC now owns 24,097 shares of the company’s stock valued at $1,167,000 after purchasing an additional 2,692 shares during the last quarter. Smartleaf Asset Management LLC bought a new stake in shares of Global X MLP ETF in the third quarter valued at $46,000. Guild Investment Management Inc. lifted its position in shares of Global X MLP ETF by 2.5% during the 3rd quarter. Guild Investment Management Inc. now owns 51,660 shares of the company’s stock valued at $2,501,000 after buying an additional 1,250 shares during the last quarter. Flagship Harbor Advisors LLC bought a new position in shares of Global X MLP ETF during the 3rd quarter worth $201,000. Finally, J.W. Cole Advisors Inc. grew its stake in shares of Global X MLP ETF by 5.7% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 23,237 shares of the company’s stock worth $1,125,000 after acquiring an additional 1,252 shares during the period.

Global X MLP ETF Stock Performance

Shares of Global X MLP ETF stock opened at $51.78 on Friday. Global X MLP ETF has a 52-week low of $45.09 and a 52-week high of $54.17. The stock’s 50-day simple moving average is $49.81 and its 200 day simple moving average is $49.18. The stock has a market capitalization of $2.04 billion, a P/E ratio of 14.42 and a beta of 0.64.

Global X MLP ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 12th. Stockholders of record on Monday, February 9th were given a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 7.7%. This is an increase from Global X MLP ETF’s previous quarterly dividend of $0.98. The ex-dividend date of this dividend was Monday, February 9th.

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.