Global X MLP ETF $MLPA Holdings Trimmed by Madison Asset Management LLC

Madison Asset Management LLC cut its holdings in Global X MLP ETF (NYSEARCA:MLPA) by 7.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 202,210 shares of the company’s stock after selling 15,500 shares during the quarter. Madison Asset Management LLC’s holdings in Global X MLP ETF were worth $9,791,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Clean Yield Group bought a new position in shares of Global X MLP ETF during the 3rd quarter valued at about $26,000. Smartleaf Asset Management LLC bought a new stake in shares of Global X MLP ETF in the 3rd quarter worth approximately $46,000. Private Trust Co. NA lifted its stake in Global X MLP ETF by 39.2% during the third quarter. Private Trust Co. NA now owns 1,066 shares of the company’s stock valued at $52,000 after purchasing an additional 300 shares during the last quarter. Blue Trust Inc. boosted its holdings in Global X MLP ETF by 230.0% during the second quarter. Blue Trust Inc. now owns 1,099 shares of the company’s stock worth $55,000 after buying an additional 766 shares in the last quarter. Finally, Flagship Harbor Advisors LLC bought a new stake in Global X MLP ETF during the third quarter worth approximately $201,000.

Global X MLP ETF Stock Performance

Shares of NYSEARCA:MLPA opened at $52.16 on Thursday. The company has a market capitalization of $2.05 billion, a PE ratio of 14.42 and a beta of 0.64. The stock has a fifty day moving average of $49.77 and a 200-day moving average of $49.16. Global X MLP ETF has a one year low of $45.09 and a one year high of $54.17.

Global X MLP ETF Increases Dividend

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

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.