Mills Wealth Advisors LLC Acquires Shares of 18,055 Global X MLP ETF $MLPA

Mills Wealth Advisors LLC acquired a new stake in Global X MLP ETF (NYSEARCA:MLPA) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 18,055 shares of the company’s stock, valued at approximately $874,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Latitude Advisors LLC raised its holdings in Global X MLP ETF by 26.4% in the 4th quarter. Latitude Advisors LLC now owns 8,583 shares of the company’s stock valued at $416,000 after acquiring an additional 1,790 shares in the last quarter. U.S. Capital Wealth Advisors LLC raised its holdings in Global X MLP ETF by 2.2% in the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 11,011 shares of the company’s stock valued at $533,000 after acquiring an additional 234 shares in the last quarter. Strong Tower Advisory Services raised its holdings in Global X MLP ETF by 38.0% in the 4th quarter. Strong Tower Advisory Services now owns 68,877 shares of the company’s stock valued at $3,334,000 after acquiring an additional 18,984 shares in the last quarter. Comprehensive Money Management Services LLC acquired a new position in Global X MLP ETF in the 4th quarter valued at $263,000. Finally, Demars Financial Group LLC raised its holdings in Global X MLP ETF by 28.3% in the 4th quarter. Demars Financial Group LLC now owns 17,974 shares of the company’s stock valued at $870,000 after acquiring an additional 3,961 shares in the last quarter.

Global X MLP ETF Stock Performance

Shares of MLPA opened at $52.57 on Monday. Global X MLP ETF has a 52-week low of $46.39 and a 52-week high of $55.74. The business’s fifty day moving average is $53.60 and its 200-day moving average is $50.53. The firm has a market cap of $2.11 billion, a price-to-earnings ratio of 14.42 and a beta of 0.50.

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 paid a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 7.6%. The ex-dividend date was Monday, February 9th. This is a positive change from Global X MLP ETF’s previous quarterly dividend of $0.98.

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.