Herbst Group LLC Purchases New Position in Global X MLP ETF $MLPA

Herbst Group LLC acquired a new position in Global X MLP ETF (NYSEARCA:MLPA) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 45,600 shares of the company’s stock, valued at approximately $2,207,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. acquired a new stake in Global X MLP ETF in the first quarter valued at approximately $761,000. Empowered Funds LLC bought a new stake in Global X MLP ETF in the first quarter worth approximately $1,555,000. Lido Advisors LLC increased its stake in shares of Global X MLP ETF by 20.0% during the 2nd quarter. Lido Advisors LLC now owns 24,037 shares of the company’s stock worth $1,207,000 after purchasing an additional 4,007 shares during the last quarter. Beacon Pointe Advisors LLC increased its stake in shares of Global X MLP ETF by 3.1% during the 2nd quarter. Beacon Pointe Advisors LLC now owns 59,267 shares of the company’s stock worth $2,975,000 after purchasing an additional 1,776 shares during the last quarter. Finally, WCG Wealth Advisors LLC bought a new position in shares of Global X MLP ETF during the 2nd quarter valued at $553,000.

Global X MLP ETF Trading Down 0.7%

MLPA stock opened at $53.49 on Thursday. The firm has a market cap of $2.10 billion, a PE ratio of 14.42 and a beta of 0.64. Global X MLP ETF has a 1 year low of $45.09 and a 1 year high of $55.74. The company has a fifty day simple moving average of $53.11 and a 200 day simple moving average of $50.13.

Global X MLP ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 12th. Shareholders of record on Monday, February 9th were issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 7.5%. This is an increase from Global X MLP ETF’s previous quarterly dividend of $0.98. The ex-dividend date was Monday, February 9th.

Global X MLP ETF 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.