Adams Asset Advisors LLC Increases Position in Global X MLP ETF $MLPA

Adams Asset Advisors LLC grew its position in Global X MLP ETF (NYSEARCA:MLPA) by 34.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 48,888 shares of the company’s stock after buying an additional 12,401 shares during the quarter. Adams Asset Advisors LLC owned 0.13% of Global X MLP ETF worth $2,367,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Blue Edge Capital LLC purchased a new position in Global X MLP ETF during the 2nd quarter valued at about $3,409,000. Exchange Traded Concepts LLC increased its stake in Global X MLP ETF by 32.3% during the third quarter. Exchange Traded Concepts LLC now owns 176,132 shares of the company’s stock worth $8,528,000 after purchasing an additional 42,985 shares during the period. Bank of America Corp DE increased its stake in Global X MLP ETF by 3.7% during the third quarter. Bank of America Corp DE now owns 1,187,268 shares of the company’s stock worth $57,488,000 after purchasing an additional 42,273 shares during the period. Ameriprise Financial Inc. lifted its position in shares of Global X MLP ETF by 68.8% during the third quarter. Ameriprise Financial Inc. now owns 101,845 shares of the company’s stock worth $4,932,000 after purchasing an additional 41,503 shares in the last quarter. Finally, Private Advisory Group LLC lifted its position in shares of Global X MLP ETF by 116.4% during the third quarter. Private Advisory Group LLC now owns 67,212 shares of the company’s stock worth $3,254,000 after purchasing an additional 36,147 shares in the last quarter.

Global X MLP ETF Stock Performance

Shares of MLPA stock opened at $54.95 on Monday. The stock has a market capitalization of $2.16 billion, a P/E ratio of 14.42 and a beta of 0.64. The company has a 50 day moving average price of $52.90 and a 200 day moving average price of $50.04. Global X MLP ETF has a fifty-two week low of $45.09 and a fifty-two week high of $55.74.

Global X MLP ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 12th. Investors of record on Monday, February 9th were paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a 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.

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.