Global X MLP ETF (NYSEARCA:MLPA) Sets New 12-Month High – Here’s What Happened

Global X MLP ETF (NYSEARCA:MLPA) shares reached a new 52-week high during trading on Wednesday . The company traded as high as $55.56 and last traded at $55.04, with a volume of 396599 shares changing hands. The stock had previously closed at $54.64.

Global X MLP ETF Stock Performance

The business has a 50-day moving average of $52.82 and a 200 day moving average of $49.98. The stock has a market cap of $2.18 billion, a PE ratio of 14.42 and a beta of 0.64.

Global X MLP ETF Increases Dividend

The company also recently declared 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. This represents a $4.00 dividend on an annualized basis and a dividend yield of 7.2%. This is a boost from Global X MLP ETF’s previous quarterly dividend of $0.98. The ex-dividend date was Monday, February 9th.

Hedge Funds Weigh In On Global X MLP ETF

Institutional investors have recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of 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 purchasing an additional 17,228 shares during the last quarter. Alpine Bank Wealth Management increased its stake in Global X MLP ETF by 660.3% in the third 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 during the last quarter. Barry Investment Advisors LLC lifted its position in Global X MLP ETF by 5.3% during the third quarter. Barry Investment Advisors LLC now owns 205,082 shares of the company’s stock worth $9,932,000 after buying an additional 10,401 shares during the period. Advisory Services Network LLC lifted its position in Global X MLP ETF by 19.7% during the second quarter. Advisory Services Network LLC now owns 71,370 shares of the company’s stock worth $3,680,000 after buying an additional 11,741 shares during the period. Finally, Belpointe Asset Management LLC purchased a new position in shares of Global X MLP ETF during the 3rd quarter worth about $499,000.

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.