Global X MLP ETF (NYSEARCA:MLPA) Hits New 12-Month High – Here’s What Happened

Global X MLP ETF (NYSEARCA:MLPA)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as $55.56 and last traded at $55.04, with a volume of 396599 shares traded. The stock had previously closed at $54.64.

Global X MLP ETF Stock Performance

The company has a market cap of $2.16 billion, a PE ratio of 14.42 and a beta of 0.64. The firm’s 50 day moving average is $52.63 and its 200-day moving average is $49.91.

Global X MLP ETF Increases Dividend

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

Institutional Investors Weigh In On Global X MLP ETF

A number of large investors have recently made changes to their positions in MLPA. Rockefeller Capital Management L.P. lifted its position in Global X MLP ETF by 31.1% during the fourth quarter. Rockefeller Capital Management L.P. now owns 399,223 shares of the company’s stock worth $19,326,000 after buying an additional 94,623 shares in the last quarter. Corient Private Wealth LLC boosted its stake in Global X MLP ETF by 13.6% during the fourth quarter. Corient Private Wealth LLC now owns 13,176 shares of the company’s stock worth $638,000 after buying an additional 1,579 shares during the last quarter. Redwood Family Wealth LLC purchased a new stake in Global X MLP ETF in the 4th quarter valued at $266,000. Beacon Pointe Advisors LLC grew its holdings in Global X MLP ETF by 5.6% in the 4th quarter. Beacon Pointe Advisors LLC now owns 53,326 shares of the company’s stock valued at $2,582,000 after buying an additional 2,850 shares in the last quarter. Finally, EP Wealth Advisors LLC acquired a new stake in shares of Global X MLP ETF in the 4th quarter worth $1,032,000.

About Global X MLP ETF

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.