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

Global X MLP ETF (NYSEARCA:MLPA) reached a new 52-week high on Thursday . The company traded as high as $54.72 and last traded at $54.68, with a volume of 461249 shares trading hands. The stock had previously closed at $53.92.

Global X MLP ETF Stock Down 0.2%

The stock has a market cap of $2.14 billion, a price-to-earnings ratio of 14.42 and a beta of 0.64. The company’s 50-day moving average is $52.44 and its 200-day moving average is $49.83.

Global X MLP ETF Increases Dividend

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

Institutional Trading of Global X MLP ETF

Large investors have recently bought and sold shares of the stock. Foundations Investment Advisors LLC grew its position in Global X MLP ETF by 4,705.6% during the 4th quarter. Foundations Investment Advisors LLC now owns 254,505 shares of the company’s stock worth $12,321,000 after acquiring an additional 249,209 shares during the last quarter. Greenspring Advisors LLC raised its position in Global X MLP ETF by 5,502.2% in the 4th quarter. Greenspring Advisors LLC now owns 236,859 shares of the company’s stock valued at $11,466,000 after purchasing an additional 232,631 shares during the last quarter. Quadrature Capital Ltd boosted its stake in Global X MLP ETF by 2,831.8% in the fourth quarter. Quadrature Capital Ltd now owns 160,544 shares of the company’s stock worth $7,772,000 after purchasing an additional 155,068 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in Global X MLP ETF by 29,373.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 135,874 shares of the company’s stock worth $6,578,000 after purchasing an additional 135,413 shares in the last quarter. Finally, Focus Partners Wealth grew its holdings in shares of Global X MLP ETF by 562.5% during the fourth quarter. Focus Partners Wealth now owns 148,850 shares of the company’s stock worth $7,230,000 after purchasing an additional 126,382 shares during the last quarter.

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.