Madison Park Capital Advisors LLC Purchases Shares of 9,312 Global X MLP ETF $MLPA

Madison Park Capital Advisors LLC bought a new position in Global X MLP ETF (NYSEARCA:MLPA) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 9,312 shares of the company’s stock, valued at approximately $451,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC increased its stake in Global X MLP ETF by 8.2% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 227,080 shares of the company’s stock worth $10,879,000 after acquiring an additional 17,228 shares during the last quarter. Alpine Bank Wealth Management lifted its stake in shares of Global X MLP ETF by 660.3% in the 3rd quarter. Alpine Bank Wealth Management now owns 13,800 shares of the company’s stock valued at $668,000 after purchasing an additional 11,985 shares in the last quarter. Barry Investment Advisors LLC grew its holdings in shares of Global X MLP ETF by 5.3% during the 3rd quarter. Barry Investment Advisors LLC now owns 205,082 shares of the company’s stock worth $9,932,000 after purchasing an additional 10,401 shares during the period. Exchange Traded Concepts LLC grew its holdings in shares of Global X MLP ETF by 5.7% during the 4th quarter. Exchange Traded Concepts LLC now owns 186,220 shares of the company’s stock worth $9,015,000 after purchasing an additional 10,088 shares during the period. Finally, Advisory Services Network LLC increased its position in Global X MLP ETF by 19.7% during the 2nd quarter. Advisory Services Network LLC now owns 71,370 shares of the company’s stock worth $3,680,000 after purchasing an additional 11,741 shares in the last quarter.

Global X MLP ETF Stock Performance

NYSEARCA MLPA opened at $53.82 on Monday. Global X MLP ETF has a one year low of $45.09 and a one year high of $55.74. The company’s 50 day moving average price is $53.24 and its 200 day moving average price is $50.20. The firm 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 firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 12th. Stockholders of record on Monday, February 9th were given a $1.00 dividend. The ex-dividend date of this dividend was Monday, February 9th. This is an increase from Global X MLP ETF’s previous quarterly dividend of $0.98. This represents a $4.00 annualized dividend and a dividend yield of 7.4%.

Global X MLP ETF Company 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.