Global X MLP ETF (NYSEARCA:MLPA) Hits New 1-Year High – Here’s What Happened

Global X MLP ETF (NYSEARCA:MLPA) shares hit a new 52-week high on Monday . The company traded as high as $54.18 and last traded at $54.0040, with a volume of 79795 shares. The stock had previously closed at $53.51.

Global X MLP ETF Price Performance

The firm’s fifty day simple moving average is $50.80 and its 200 day simple moving average is $49.38. The company has a market capitalization of $2.13 billion, a price-to-earnings ratio of 14.42 and a beta of 0.64.

Global X MLP ETF Increases Dividend

The firm also recently declared 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 positive change 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 7.4%. The ex-dividend date was Monday, February 9th.

Hedge Funds Weigh In On Global X MLP ETF

A number of large investors have recently made changes to their positions in MLPA. Dorsey & Whitney Trust CO LLC grew its position in Global X MLP ETF by 2.2% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 9,170 shares of the company’s stock valued at $444,000 after purchasing an additional 194 shares in the last quarter. WCG Wealth Advisors LLC raised its holdings in shares of Global X MLP ETF by 1.9% during the third quarter. WCG Wealth Advisors LLC now owns 11,232 shares of the company’s stock worth $544,000 after acquiring an additional 212 shares in the last quarter. U.S. Capital Wealth Advisors LLC boosted its position in Global X MLP ETF by 2.2% during the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 11,011 shares of the company’s stock valued at $533,000 after purchasing an additional 234 shares during the last quarter. NBC Securities Inc. grew its stake in Global X MLP ETF by 9.7% in the fourth quarter. NBC Securities Inc. now owns 2,683 shares of the company’s stock valued at $130,000 after purchasing an additional 238 shares in the last quarter. Finally, Friedenthal Financial increased its position in Global X MLP ETF by 2.3% in the 3rd quarter. Friedenthal Financial now owns 11,600 shares of the company’s stock worth $562,000 after purchasing an additional 262 shares during 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.