Dearborn Partners LLC cut its stake in Global X MLP ETF (NYSEARCA:MLPA) by 17.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 27,653 shares of the company’s stock after selling 5,763 shares during the quarter. Dearborn Partners LLC’s holdings in Global X MLP ETF were worth $212,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. Steward Partners Investment Advisory LLC increased its stake in shares of Global X MLP ETF by 407.9% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 10,529 shares of the company’s stock worth $80,000 after acquiring an additional 8,456 shares during the last quarter. Hurlow Wealth Management Group Inc. purchased a new position in shares of Global X MLP ETF during the 4th quarter worth $108,000. Advisors Preferred LLC purchased a new position in shares of Global X MLP ETF during the 3rd quarter worth $141,000. Breiter Capital Management Inc. purchased a new position in shares of Global X MLP ETF during the 4th quarter worth $172,000. Finally, PFG Advisors grew its holdings in shares of Global X MLP ETF by 9.1% during the 4th quarter. PFG Advisors now owns 20,397 shares of the company’s stock worth $179,000 after purchasing an additional 1,697 shares during the period.
NYSEARCA MLPA opened at $8.36 on Friday. Global X MLP ETF has a twelve month low of $7.27 and a twelve month high of $10.26.
The firm also recently declared a quarterly dividend, which will be paid on Friday, February 15th. Stockholders of record on Friday, February 8th will be issued a dividend of $0.1815 per share. This represents a $0.73 dividend on an annualized basis and a dividend yield of 8.68%. The ex-dividend date is Thursday, February 7th.
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