Omnia Family Wealth LLC Purchases New Stake in Alerian MLP (AMLP)
Omnia Family Wealth LLC purchased a new stake in Alerian MLP (NYSE:AMLP) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 50,000 shares of the exchange traded fund’s stock, valued at approximately $598,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of AMLP. American Research & Management Co. grew its position in Alerian MLP by 73.6% in the 2nd quarter. American Research & Management Co. now owns 9,200 shares of the exchange traded fund’s stock valued at $110,000 after purchasing an additional 3,900 shares during the period. A. D. Beadell Investment Counsel Inc. acquired a new stake in Alerian MLP in the 2nd quarter valued at $126,000. Schroder Investment Management Group acquired a new stake in Alerian MLP in the 2nd quarter valued at $133,000. Argent Trust Co acquired a new stake in Alerian MLP in the 2nd quarter valued at $139,000. Finally, Tocqueville Asset Management L.P. grew its position in Alerian MLP by 5.7% in the 2nd quarter. Tocqueville Asset Management L.P. now owns 13,475 shares of the exchange traded fund’s stock valued at $161,000 after purchasing an additional 725 shares during the period.
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Alerian MLP (NYSE:AMLP) traded down 0.63% during mid-day trading on Friday, reaching $11.11. 9,087,677 shares of the company traded hands. The company’s 50-day moving average is $11.31 and its 200-day moving average is $12.06. Alerian MLP has a 12-month low of $10.51 and a 12-month high of $13.31.
The business also recently announced a quarterly dividend, which was paid on Wednesday, August 16th. Stockholders of record on Friday, August 11th were paid a $0.215 dividend. The ex-dividend date was Wednesday, August 9th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 7.74%.
Alerian MLP Company Profile
ALERIAN MLP ETF seeks investment results that correspond (before fees and expenses) to the price and yield performance of its underlying index, the Alerian MLP Infrastructure Index (the Index). The Index is a rules based, modified capitalization weighted, float adjusted index intended to give investors a means of tracking the overall performance of the United States energy infrastructure Master Limited Partnership (MLP) asset class.
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