BMLP, the Dorsey Wright MLP Index Exchange Traded Notes (the ETNs), is now available for trading on LPL Financial. As of 28 February, 2020, BMLP was yielding 9.64%. The Dorsey Wright (DWA) MLP Select Index is designed, on a monthly basis, to select and equal weight the 15 energy Master Limited Partnerships (MLPs) determined to show positive relative strength characteristics based on the proprietary Dorsey Wright Relative Strength Ranking Methodology. While many MLP indices track only midstream MLPs, the selection universe of the DWA MLP Select Index includes all MLPs (upstream, midstream and downstream) with the exception of financial MLPs.
In addition, eligible MLPs must have a minimum market cap of $500MM and have a one-month average daily trading volume of $2 million per day on its primary exchange.
“The Dorsey Wright approach of reviewing and picking the best relative strength performing MLPs from the entire energy MLP universe every single month and not limiting the index to just midstream offers a unique investment opportunity for MLP investing,” says Scott Acheychek, President of REX. “We’re thrilled that BMLP is now available on LPL’s platform.”