MLPX’s lineup includes familiar names such as Williams Cos. (NYSE: WMB) and Marathon Petroleum (NYSE: MPC). That pair combines for 20.3% of the fund’s weight. Other well-known names in MLPX’s portfolio include Enbridge (NYSE: ENB, ONEOK (NYSE: OKS) and Enterprise Products (NYSE: EPD).
“In the past twelve months, MLPX has distributed a total of 51.9 cents. In the twelve months before that, MLPX distributed 38.9 cents. This represents a whopping 33.5% one-year distribution growth, on a current 3.17% yield. There is no further dividend history as MLPX has only existed for two years,” notes Stanford Chemist on Seeking Alpha.
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]
Global X MLP & Energy Infrastructure ETF
