Global X MLP ETF $MLPA Shares Sold by Madison Asset Management LLC

Madison Asset Management LLC lessened its holdings in shares of Global X MLP ETF (NYSEARCA:MLPA) by 7.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 202,210 shares of the company’s stock after selling 15,500 shares during the period. Madison Asset Management LLC owned 0.54% of Global X MLP ETF worth $9,791,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC boosted its position in Global X MLP ETF by 8.2% during the 3rd 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 period. Alpine Bank Wealth Management raised its stake in shares of 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 purchasing an additional 11,985 shares in the last quarter. Barry Investment Advisors LLC lifted its holdings in Global X MLP ETF by 5.3% in the third 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. AlphaCore Capital LLC grew its position in Global X MLP ETF by 28.1% in the 2nd quarter. AlphaCore Capital LLC now owns 49,440 shares of the company’s stock valued at $2,482,000 after buying an additional 10,840 shares in the last quarter. Finally, Advisory Services Network LLC increased its stake 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 valued at $3,680,000 after buying an additional 11,741 shares during the period.

Global X MLP ETF Trading Up 1.0%

Shares of NYSEARCA:MLPA opened at $52.16 on Thursday. The company has a 50 day moving average of $49.77 and a 200-day moving average of $49.16. The firm has a market cap of $2.05 billion, a P/E ratio of 14.42 and a beta of 0.64. Global X MLP ETF has a twelve month low of $45.09 and a twelve month high of $54.17.

Global X MLP ETF Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 12th. Shareholders of record on Monday, February 9th will be given a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 7.7%. This is a positive change from Global X MLP ETF’s previous quarterly dividend of $0.98. The ex-dividend date is Monday, February 9th.

Global X MLP ETF 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.