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

Global X MLP ETF (NYSEARCA:MLPA)’s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $54.18 and last traded at $54.0040, with a volume of 79795 shares changing hands. The stock had previously closed at $53.51.

Global X MLP ETF Stock Up 0.1%

The firm has a market cap of $2.13 billion, a price-to-earnings ratio of 14.42 and a beta of 0.64. The company has a 50-day moving average price of $51.02 and a 200 day moving average price of $49.44.

Global X MLP ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 12th. Shareholders of record on Monday, February 9th were given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 7.4%. The ex-dividend date was Monday, February 9th. This is a boost from Global X MLP ETF’s previous quarterly dividend of $0.98.

Hedge Funds Weigh In On Global X MLP ETF

A number of large investors have recently made changes to their positions in MLPA. Wealth Enhancement Advisory Services LLC boosted its stake in shares of 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 valued at $10,879,000 after buying an additional 17,228 shares during the period. Alpine Bank Wealth Management raised its holdings 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 worth $668,000 after acquiring an additional 11,985 shares in the last quarter. Barry Investment Advisors LLC raised its holdings in shares of 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 acquiring an additional 10,401 shares in the last quarter. AlphaCore Capital LLC boosted its position in Global X MLP ETF by 28.1% during the second quarter. AlphaCore Capital LLC now owns 49,440 shares of the company’s stock valued at $2,482,000 after purchasing an additional 10,840 shares during the last quarter. Finally, Advisory Services Network LLC grew its stake in 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 valued at $3,680,000 after purchasing an additional 11,741 shares in the last quarter.

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.