WESCAP Management Group Inc. cut its stake in Global X MLP ETF (NYSEARCA:MLPA) by 25.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 98,364 shares of the company’s stock after selling 34,451 shares during the period. WESCAP Management Group Inc. owned about 0.10% of Global X MLP ETF worth $754,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Steward Partners Investment Advisory LLC grew its holdings in shares of Global X MLP ETF by 407.9% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 10,529 shares of the company’s stock worth $80,000 after purchasing an additional 8,456 shares during the last quarter. Mission Wealth Management LP grew its holdings in shares of Global X MLP ETF by 13.0% in the fourth quarter. Mission Wealth Management LP now owns 13,036 shares of the company’s stock worth $100,000 after purchasing an additional 1,501 shares during the last quarter. Hurlow Wealth Management Group Inc. bought a new position in shares of Global X MLP ETF in the fourth quarter worth about $108,000. Pinnacle Wealth Management Advisory Group LLC bought a new position in shares of Global X MLP ETF in the fourth quarter worth about $154,000. Finally, Breiter Capital Management Inc. bought a new position in shares of Global X MLP ETF in the fourth quarter worth about $172,000.
Shares of NYSEARCA MLPA traded down $0.09 during mid-day trading on Thursday, reaching $8.54. The company had a trading volume of 9,807 shares, compared to its average volume of 953,825. Global X MLP ETF has a 52 week low of $7.27 and a 52 week high of $10.26.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 15th. Investors of record on Friday, February 8th were paid a $0.1815 dividend. This represents a $0.73 dividend on an annualized basis and a yield of 8.50%. The ex-dividend date was Thursday, February 7th.
WARNING: “Global X MLP ETF (MLPA) Shares Sold by WESCAP Management Group Inc.” was first reported by Macon Daily and is the sole property of of Macon Daily. If you are viewing this news story on another site, it was illegally copied and reposted in violation of United States & international copyright legislation. The correct version of this news story can be viewed at https://macondaily.com/2019/02/28/global-x-mlp-etf-mlpa-shares-sold-by-wescap-management-group-inc.html.
Recommended Story: What impact do institutional investors have on markets?
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.