Herbst Group LLC Invests $2.21 Million in Global X MLP ETF $MLPA

Herbst Group LLC purchased a new position in shares of Global X MLP ETF (NYSEARCA:MLPA) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 45,600 shares of the company’s stock, valued at approximately $2,207,000. Herbst Group LLC owned 0.12% of Global X MLP ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MLPA. WCG Wealth Advisors LLC increased its stake in Global X MLP ETF by 1.9% in the 3rd quarter. WCG Wealth Advisors LLC now owns 11,232 shares of the company’s stock valued at $544,000 after buying an additional 212 shares during the period. Friedenthal Financial boosted its stake in shares of Global X MLP ETF by 2.3% during the 3rd quarter. Friedenthal Financial now owns 11,600 shares of the company’s stock valued at $562,000 after buying an additional 262 shares during the period. Private Trust Co. NA boosted its stake in shares of Global X MLP ETF by 39.2% during the 3rd quarter. Private Trust Co. NA now owns 1,066 shares of the company’s stock valued at $52,000 after buying an additional 300 shares during the period. Keystone Financial Group grew its holdings in shares of Global X MLP ETF by 6.1% during the 3rd quarter. Keystone Financial Group now owns 5,237 shares of the company’s stock valued at $254,000 after acquiring an additional 300 shares in the last quarter. Finally, LGL Partners LLC increased its stake in shares of Global X MLP ETF by 1.9% in the second quarter. LGL Partners LLC now owns 16,876 shares of the company’s stock worth $834,000 after acquiring an additional 310 shares during the last quarter.

Global X MLP ETF Trading Down 0.7%

Shares of NYSEARCA:MLPA opened at $53.49 on Thursday. Global X MLP ETF has a 1 year low of $45.09 and a 1 year high of $55.74. The business has a fifty day simple moving average of $53.11 and a 200 day simple moving average of $50.13. The firm has a market cap of $2.10 billion, a price-to-earnings ratio of 14.42 and a beta of 0.64.

Global X MLP ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 12th. Shareholders of record on Monday, February 9th were given a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 7.5%. The ex-dividend date of this dividend was Monday, February 9th. This is an increase 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.