Dearborn Partners LLC Sells 5,763 Shares of Global X MLP ETF (MLPA)

Share on StockTwits

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.

ILLEGAL ACTIVITY NOTICE: This piece was originally reported by Macon Daily and is owned by of Macon Daily. If you are viewing this piece on another website, it was illegally stolen and republished in violation of United States and international copyright and trademark law. The legal version of this piece can be accessed at https://macondaily.com/2019/02/09/dearborn-partners-llc-sells-5763-shares-of-global-x-mlp-etf-mlpa.html.

Featured Story: Why is Cost of Capital Important?

Want to see what other hedge funds are holding MLPA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Global X MLP ETF (NYSEARCA:MLPA).

Institutional Ownership by Quarter for Global X MLP ETF (NYSEARCA:MLPA)

Receive News & Ratings for Global X MLP ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Global X MLP ETF and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply