Global X MLP ETF $MLPA Stake Reduced by Advisors Management Group Inc. ADV

Advisors Management Group Inc. ADV lessened its stake in shares of Global X MLP ETF (NYSEARCA:MLPA) by 6.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 236,296 shares of the company’s stock after selling 16,736 shares during the quarter. Global X MLP ETF makes up approximately 2.1% of Advisors Management Group Inc. ADV’s portfolio, making the stock its 8th biggest position. Advisors Management Group Inc. ADV owned 0.62% of Global X MLP ETF worth $11,439,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Clean Yield Group bought a new stake in shares of Global X MLP ETF in the 3rd quarter worth approximately $26,000. Smartleaf Asset Management LLC purchased a new position in shares of Global X MLP ETF during the 3rd quarter worth approximately $46,000. Private Trust Co. NA raised its position in shares of 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 acquiring an additional 300 shares in the last quarter. Flagship Harbor Advisors LLC bought a new position in shares of Global X MLP ETF in the 3rd quarter worth approximately $201,000. Finally, Greenspring Advisors LLC purchased a new position in shares of Global X MLP ETF in the 3rd quarter valued at approximately $205,000.

Global X MLP ETF Trading Down 0.9%

MLPA opened at $54.95 on Friday. The company has a market cap of $2.16 billion, a price-to-earnings ratio of 14.42 and a beta of 0.64. The stock has a fifty day simple moving average of $52.90 and a two-hundred day simple moving average of $50.03. Global X MLP ETF has a 12-month low of $45.09 and a 12-month high of $55.74.

Global X MLP ETF Increases Dividend

The firm 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 is a positive change from Global X MLP ETF’s previous quarterly dividend of $0.98. This represents a $4.00 annualized dividend and a dividend yield of 7.3%.

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.