First Allied Advisory Services Inc. Sells 707,590 Shares of Global X MLP ETF (MLPA)

First Allied Advisory Services Inc. lowered its position in shares of Global X MLP ETF (NYSEARCA:MLPA) by 40.3% during the first quarter, HoldingsChannel.com reports. The firm owned 1,047,050 shares of the company’s stock after selling 707,590 shares during the quarter. First Allied Advisory Services Inc.’s holdings in Global X MLP ETF were worth $9,287,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Lido Advisors LLC increased its stake in shares of Global X MLP ETF by 29.2% during the fourth quarter. Lido Advisors LLC now owns 68,212 shares of the company’s stock worth $523,000 after purchasing an additional 15,421 shares during the period. Naples Global Advisors LLC increased its stake in Global X MLP ETF by 3.6% during the 4th quarter. Naples Global Advisors LLC now owns 134,386 shares of the company’s stock worth $1,164,000 after acquiring an additional 4,621 shares during the period. Cambridge Investment Research Advisors Inc. increased its stake in Global X MLP ETF by 570.9% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 87,047 shares of the company’s stock worth $668,000 after acquiring an additional 74,072 shares during the period. WESPAC Advisors LLC increased its stake in Global X MLP ETF by 6.6% during the 1st quarter. WESPAC Advisors LLC now owns 353,737 shares of the company’s stock worth $3,138,000 after acquiring an additional 21,938 shares during the period. Finally, PFS Investments Inc. increased its stake in Global X MLP ETF by 18.6% during the 1st quarter. PFS Investments Inc. now owns 231,383 shares of the company’s stock worth $2,052,000 after acquiring an additional 36,208 shares during the period.

Global X MLP ETF stock opened at $8.83 on Monday. Global X MLP ETF has a one year low of $7.27 and a one year high of $10.26.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 8th will be paid a dividend of $0.1815 per share. The ex-dividend date of this dividend is Tuesday, May 7th. This represents a $0.73 dividend on an annualized basis and a yield of 8.22%.

TRADEMARK VIOLATION NOTICE: “First Allied Advisory Services Inc. Sells 707,590 Shares of Global X MLP ETF (MLPA)” was published by Baseball Daily News and is the property of of Baseball Daily News. If you are reading this piece on another domain, it was copied illegally and republished in violation of US and international trademark and copyright legislation. The legal version of this piece can be read at https://www.baseballdailydigest.com/news/2019/05/13/first-allied-advisory-services-inc-sells-707590-shares-of-global-x-mlp-etf-mlpa.html.

See Also: What is a trade deficit?

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.