Ethos Financial Group LLC Has $2.47 Million Stake in Global X MLP ETF $MLPA

Ethos Financial Group LLC lowered its position in Global X MLP ETF (NYSEARCA:MLPA) by 30.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 51,038 shares of the company’s stock after selling 22,873 shares during the period. Ethos Financial Group LLC owned 0.13% of Global X MLP ETF worth $2,471,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Stratos Wealth Partners LTD. increased its holdings in Global X MLP ETF by 4.3% during the 4th quarter. Stratos Wealth Partners LTD. now owns 23,801 shares of the company’s stock valued at $1,152,000 after purchasing an additional 972 shares in the last quarter. Blue Trust Inc. boosted its stake in Global X MLP ETF by 1,479.9% in the fourth quarter. Blue Trust Inc. now owns 5,261 shares of the company’s stock worth $255,000 after purchasing an additional 4,928 shares in the last quarter. Herbst Group LLC acquired a new position in Global X MLP ETF in the fourth quarter worth $2,207,000. Alpine Bank Wealth Management grew its holdings in shares of Global X MLP ETF by 12.8% during the fourth quarter. Alpine Bank Wealth Management now owns 15,572 shares of the company’s stock worth $754,000 after purchasing an additional 1,772 shares during the last quarter. Finally, Private Advisory Group LLC increased its stake in shares of Global X MLP ETF by 23.7% in the fourth quarter. Private Advisory Group LLC now owns 83,140 shares of the company’s stock valued at $4,025,000 after buying an additional 15,928 shares in the last quarter.

Global X MLP ETF Price Performance

Global X MLP ETF stock opened at $53.82 on Friday. The stock has a 50-day simple moving average of $53.24 and a 200 day simple moving average of $50.19. Global X MLP ETF has a 12-month low of $45.09 and a 12-month high of $55.74. The stock has a market capitalization of $2.16 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 disclosed a quarterly dividend, which was paid on Thursday, February 12th. Shareholders of record on Monday, February 9th were given a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 7.4%. The ex-dividend date was Monday, February 9th. This is a boost from Global X MLP ETF’s previous quarterly dividend of $0.98.

Global X MLP ETF 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.