5 Best Performing Dividend ETFs in 2022

2. Global X MLP ETF (NYSE:MLPA)

YTD Share Price Gain as of December 12: 13.75%

Global X MLP ETF (NYSE:MLPA) seeks to provide investment results that correspond generally to the price and yield performance of the Solactive MLP Infrastructure Index. Global X MLP ETF (NYSE:MLPA)’s expense ratio is over 15% less than the competitor average. The fund was established in 2012 and has net assets of $1.29 billion, with an expense ratio of 0.45%. Global X MLP ETF (NYSE:MLPA) has 20 stocks in its portfolio. 

Enterprise Products Partners L.P. (NYSE:EPD) is the biggest holding of the Global X MLP ETF (NYSE:MLPA). It is a Texas-based company that provides midstream energy services to producers and consumers of natural gas, natural gas liquids, crude oil, petrochemicals, and refined products. The company reported a Q3 GAAP EPS of $0.62 and a revenue of $15.46 billion, topping analysts’ estimates by $0.01 and $1.64 billion, respectively. 

According to Insider Monkey’s data, Enterprise Products Partners L.P. (NYSE:EPD) was part of 21 hedge fund portfolios at the end of Q3 2022, compared to 23 in the prior quarter. Bruce Berkowitz’s Fairholme (FAIRX) held the leading position in the company, comprising 3.8 million shares worth $92.3 million. 

Here is what Fairholme Capital Management specifically said about Enterprise Products Partners L.P. (NYSE:EPD) in its Q2 2022 investor letter:

“Enterprise Products Partners L.P. (NYSE:EPD) is the largest position in the Fund. Enterprise provides processing and transportation services to producers and consumers of natural gas, natural gas liquids, and oil. These hydrocarbons are critical for modern life and have few, if any, ready substitutes. Commodity prices do not greatly affect the company’s toll road fees. Enterprise is priced at less than nine times distributable cash flows and pays a 7.5% cash distribution.”