Cornerstone Advisory LLC Grows Holdings in Global X MLP ETF (MLPA)

Cornerstone Advisory LLC raised its stake in Global X MLP ETF (NYSEARCA:MLPA) by 29.3% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 117,648 shares of the company’s stock after buying an additional 26,683 shares during the period. Cornerstone Advisory LLC’s holdings in Global X MLP ETF were worth $1,044,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Lido Advisors LLC boosted its position in Global X MLP ETF by 29.2% in the 4th quarter. Lido Advisors LLC now owns 68,212 shares of the company’s stock valued at $523,000 after buying an additional 15,421 shares during the period. Naples Global Advisors LLC lifted its position in shares of Global X MLP ETF by 3.6% in the 4th quarter. Naples Global Advisors LLC now owns 134,386 shares of the company’s stock worth $1,164,000 after purchasing an additional 4,621 shares during the period. Cambridge Investment Research Advisors Inc. lifted its position in shares of Global X MLP ETF by 570.9% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 87,047 shares of the company’s stock worth $668,000 after purchasing an additional 74,072 shares during the period. WESPAC Advisors LLC lifted its position in shares of Global X MLP ETF by 6.6% in the 1st quarter. WESPAC Advisors LLC now owns 353,737 shares of the company’s stock worth $3,138,000 after purchasing an additional 21,938 shares during the period. Finally, PFS Investments Inc. lifted its position in shares of Global X MLP ETF by 18.6% in the 1st quarter. PFS Investments Inc. now owns 231,383 shares of the company’s stock worth $2,052,000 after purchasing an additional 36,208 shares during the period.

Shares of MLPA opened at $8.87 on Tuesday. Global X MLP ETF has a fifty-two week low of $7.27 and a fifty-two week high of $10.26.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 8th were given a $0.1815 dividend. The ex-dividend date was Tuesday, May 7th. This represents a $0.73 annualized dividend and a dividend yield of 8.18%.

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

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