Great Macro Energy PlayI'm long on $MLPA. Energy play. With geopolitics heating up, this will likely benefit. Monthly looks great as we trend up through levels. We're about to hit a critical level and if it breaks through, I suspect we see $58-68 over the next 12-24 months. It's a >7% dividend as well so one of the few tr
Key stats
About Global X MLP ETF
Home page
Inception date
Apr 18, 2012
Structure
C-Corporation
Dividend treatment
Distributes
Distribution tax treatment
Return of capital
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Global X Management Co. LLC
Distributor
SEI Investments Distribution Co.
MLPA offers exposure to US-listed midstream MLPs exclusively. Holding approximately 20-30 constituents, the fund narrows in on entities that focus on transportation, storage and processing of various energy products. Selected securities are weighted by market-cap, subject to capping constraints. Structured as a C-corporation, the fund pays taxes at the fund level, with the upside that its distributions are generally tax-deferred. The index rebalances quarterly. Prior to March 30, 2015, the fund tracked the Solactive MLP Composite Index which included exploration and production (upstream) and refining and marketing (downstream) firms.
Classification
What's in the fund
Exposure type
Industrial Services
Distribution Services
Stock breakdown by region
Top 10 holdings
MLPA: Compression at the bottom of bullish channelThe current channel in MLPA began April 2020, with the long-term resistance line crossed in January 2022. Bullish channel is now 3.5 years old and may be pushing to longer term key level at $48.50. If the price action moves to the top of the current channel, share price will approach $55.
However,
See all ideas
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.