Positive
Seeking Alpha
3 months ago
MLPA: This 'Energy-Sector Toll Booth' Yields 8% And Is A Compelling Value
Global X MLP ETF (MLPA) remains a buy despite lagging the S&P 500, offering a high 7.79% yield and attractive valuation. MLPA trades at just 10.75x earnings with a strong long-term EPS growth rate, resulting in a compelling PEG ratio below 1. The ETF is highly concentrated in Energy-sector MLPs, with the top 10 holdings making up over 90% of assets, posing some risk.