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

Wealth Enhancement Advisory Services LLC boosted its position in Global X MLP ETF (NYSEARCA:MLPA) by 6.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 241,378 shares of the company’s stock after buying an additional 14,298 shares during the quarter. Wealth Enhancement Advisory Services LLC owned approximately 0.63% of Global X MLP ETF worth $11,605,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Alpine Bank Wealth Management lifted its position in Global X MLP ETF by 660.3% during the 3rd quarter. Alpine Bank Wealth Management now owns 13,800 shares of the company’s stock worth $668,000 after buying an additional 11,985 shares in the last quarter. Barry Investment Advisors LLC grew its holdings in shares of Global X MLP ETF by 5.3% in the 3rd quarter. Barry Investment Advisors LLC now owns 205,082 shares of the company’s stock valued at $9,932,000 after acquiring an additional 10,401 shares in the last quarter. Advisory Services Network LLC boosted its holdings in shares of Global X MLP ETF by 19.7% in 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 last quarter. Belpointe Asset Management LLC acquired a new stake in shares of Global X MLP ETF in the 3rd quarter valued at approximately $499,000. Finally, Advisors Asset Management Inc. grew its stake in shares of Global X MLP ETF by 36.3% in the second quarter. Advisors Asset Management Inc. now owns 90,787 shares of the company’s stock valued at $4,558,000 after buying an additional 24,182 shares in the last quarter.

Global X MLP ETF Trading Up 1.0%

NYSEARCA MLPA opened at $55.46 on Friday. The firm has a market capitalization of $2.18 billion, a P/E ratio of 14.42 and a beta of 0.64. The firm’s fifty day moving average price is $52.82 and its two-hundred day moving average price is $49.98. Global X MLP ETF has a 1 year low of $45.09 and a 1 year high of $55.56.

Global X MLP ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 12th. Investors of record on Monday, February 9th were paid a $1.00 dividend. This is an increase from Global X MLP ETF’s previous quarterly dividend of $0.98. The ex-dividend date was Monday, February 9th. This represents a $4.00 annualized dividend and a yield of 7.2%.

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.