The ETF is no stranger to MLP industry consolidation having previously benefited from news out last year that Williams was acquiring Access Midstream Partners. MLPX also surged after Kinder Morgan Inc. (NYSE: KMI) said it would pay $70 billion to acquire Kinder Morgan Energy Partners, Kinder Morgan Management and El Paso Pipeline Partners, a deal that created the largest energy infrastructure company in the U.S. [These ETFs Love the Kinder Morgan News]
MLPX, which tracks the Solactive MLP & Energy Infrastructure Index, charges 0.45% per year and has a trailing 12-month dividend yield of almost 2.5%.
The $8.77 billion Alerian MLP ETF (NYSEArca: AMLP), the largest master limited partnership related ETF, is trading slightly lower today. Williams Partners (NYSE: WPZ) is that ETF’s second-largest holding, but that stock is off 7.7%. AMLP does not hold shares of Williams Cos., according to Alerian data.
Global X MLP & Energy Infrastructure ETF