Private Advisory Group LLC Increases Stake in Global X MLP ETF $MLPA

Private Advisory Group LLC boosted its stake in Global X MLP ETF (NYSEARCA:MLPA) by 23.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 83,140 shares of the company’s stock after purchasing an additional 15,928 shares during the quarter. Private Advisory Group LLC owned about 0.22% of Global X MLP ETF worth $4,025,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Global X MLP ETF by 8.2% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 227,080 shares of the company’s stock valued at $10,879,000 after purchasing an additional 17,228 shares in the last quarter. Alpine Bank Wealth Management lifted its position in Global X MLP ETF by 660.3% during the third quarter. Alpine Bank Wealth Management now owns 13,800 shares of the company’s stock valued at $668,000 after buying an additional 11,985 shares in the last quarter. Barry Investment Advisors LLC grew its stake 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 increased its position in shares of Global X MLP ETF by 19.7% in the second quarter. Advisory Services Network LLC now owns 71,370 shares of the company’s stock worth $3,680,000 after acquiring an additional 11,741 shares in the last quarter. Finally, Belpointe Asset Management LLC purchased a new position in shares of Global X MLP ETF in the 3rd quarter valued at $499,000.

Global X MLP ETF Stock Performance

Shares of NYSEARCA MLPA opened at $54.95 on Monday. The stock has a fifty day moving average price of $52.90 and a 200 day moving average price of $50.04. Global X MLP ETF has a 12-month low of $45.09 and a 12-month high of $55.74. The company has a market cap of $2.16 billion, a P/E ratio of 14.42 and a beta of 0.64.

Global X MLP ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 12th. Investors of record on Monday, February 9th were issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 7.3%. The ex-dividend date was Monday, February 9th. This is an increase from Global X MLP ETF’s previous quarterly dividend of $0.98.

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.