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

Gradient Investments LLC increased its holdings in Global X MLP ETF (NYSEARCA:MLPA) by 2.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 458,127 shares of the company’s stock after purchasing an additional 10,858 shares during the period. Gradient Investments LLC owned 1.19% of Global X MLP ETF worth $22,178,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in MLPA. Clean Yield Group purchased a new stake in Global X MLP ETF in the 3rd quarter valued at about $26,000. Smartleaf Asset Management LLC purchased a new position in shares of Global X MLP ETF during the 3rd quarter worth about $46,000. Private Trust Co. NA lifted its holdings in shares of Global X MLP ETF by 39.2% during the 3rd quarter. Private Trust Co. NA now owns 1,066 shares of the company’s stock worth $52,000 after acquiring an additional 300 shares during the period. Flagship Harbor Advisors LLC acquired a new stake in shares of Global X MLP ETF in the third quarter worth approximately $201,000. Finally, Greenspring Advisors LLC acquired a new stake in shares of Global X MLP ETF in the third quarter worth approximately $205,000.

Global X MLP ETF Stock Performance

Global X MLP ETF stock opened at $54.44 on Monday. Global X MLP ETF has a 1 year low of $45.09 and a 1 year high of $54.94. The firm has a 50 day moving average price of $52.44 and a 200 day moving average price of $49.83. The company has a market cap 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 business also recently declared a quarterly dividend, which was paid on Thursday, February 12th. Shareholders of record on Monday, February 9th were issued a $1.00 dividend. This is a boost from Global X MLP ETF’s previous quarterly dividend of $0.98. The ex-dividend date was Monday, February 9th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 7.3%.

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.