Wealth Enhancement Advisory Services LLC Acquires 14,298 Shares of Global X MLP ETF $MLPA

Wealth Enhancement Advisory Services LLC increased its holdings in shares of Global X MLP ETF (NYSEARCA:MLPA) by 6.3% during the fourth quarter, Holdings Channel reports. The fund owned 241,378 shares of the company’s stock after acquiring an additional 14,298 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Global X MLP ETF were worth $11,605,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in MLPA. Blue Edge Capital LLC acquired a new stake in Global X MLP ETF during the 2nd quarter valued at $3,409,000. Exchange Traded Concepts LLC increased its holdings in shares of Global X MLP ETF by 32.3% in the third quarter. Exchange Traded Concepts LLC now owns 176,132 shares of the company’s stock valued at $8,528,000 after purchasing an additional 42,985 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of Global X MLP ETF by 3.7% in the third quarter. Bank of America Corp DE now owns 1,187,268 shares of the company’s stock valued at $57,488,000 after purchasing an additional 42,273 shares during the last quarter. Ameriprise Financial Inc. raised its position in shares of Global X MLP ETF by 68.8% in the third quarter. Ameriprise Financial Inc. now owns 101,845 shares of the company’s stock valued at $4,932,000 after purchasing an additional 41,503 shares during the period. Finally, Private Advisory Group LLC raised its position in shares of Global X MLP ETF by 116.4% in the third quarter. Private Advisory Group LLC now owns 67,212 shares of the company’s stock valued at $3,254,000 after purchasing an additional 36,147 shares during the period.

Global X MLP ETF Stock Performance

NYSEARCA MLPA opened at $55.46 on Friday. The stock has a market cap of $2.18 billion, a PE ratio of 14.42 and a beta of 0.64. The firm has a 50-day moving average of $52.82 and a 200-day moving average of $49.98. Global X MLP ETF has a 52-week low of $45.09 and a 52-week high of $55.56.

Global X MLP ETF Increases Dividend

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

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.