Envestnet Asset Management Inc. Lowers Holdings in Global X MLP ETF $MLPA

Envestnet Asset Management Inc. trimmed its holdings in Global X MLP ETF (NYSEARCA:MLPA) by 15.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 418,028 shares of the company’s stock after selling 76,965 shares during the quarter. Envestnet Asset Management Inc. owned approximately 1.12% of Global X MLP ETF worth $20,241,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Clean Yield Group bought a new position in shares of Global X MLP ETF during the third quarter worth $26,000. Private Trust Co. NA lifted its stake in Global X MLP ETF by 39.2% in the 3rd quarter. Private Trust Co. NA now owns 1,066 shares of the company’s stock worth $52,000 after purchasing an additional 300 shares in the last quarter. Blue Trust Inc. boosted its holdings in shares of Global X MLP ETF by 230.0% during the 2nd quarter. Blue Trust Inc. now owns 1,099 shares of the company’s stock valued at $55,000 after purchasing an additional 766 shares during the last quarter. Greenspring Advisors LLC purchased a new position in shares of Global X MLP ETF during the third quarter valued at about $205,000. Finally, Everstar Asset Management LLC increased its holdings in shares of Global X MLP ETF by 18.2% in the second quarter. Everstar Asset Management LLC now owns 4,555 shares of the company’s stock worth $229,000 after purchasing an additional 700 shares during the last quarter.

Global X MLP ETF Trading Up 2.2%

NYSEARCA:MLPA opened at $52.92 on Friday. Global X MLP ETF has a 12 month low of $45.09 and a 12 month high of $54.17. The company has a market capitalization of $2.08 billion, a P/E ratio of 14.42 and a beta of 0.64. The business’s 50-day moving average is $49.88 and its 200 day moving average is $49.18.

Global X MLP ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 12th. Investors of record on Monday, February 9th were paid a $1.00 dividend. This is a positive change 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 yield of 7.6%.

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.