Cyndeo Wealth Partners LLC Sells 1,774 Shares of Alerian MLP ETF (NYSEARCA:AMLP)

Cyndeo Wealth Partners LLC lowered its holdings in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 1.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 104,920 shares of the exchange traded fund’s stock after selling 1,774 shares during the quarter. Cyndeo Wealth Partners LLC’s holdings in Alerian MLP ETF were worth $5,450,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the business. Allred Capital Management LLC lifted its position in Alerian MLP ETF by 3.1% during the fourth quarter. Allred Capital Management LLC now owns 8,152 shares of the exchange traded fund’s stock valued at $393,000 after purchasing an additional 246 shares during the last quarter. Auour Investments LLC lifted its position in Alerian MLP ETF by 1.4% during the fourth quarter. Auour Investments LLC now owns 17,948 shares of the exchange traded fund’s stock valued at $926,000 after purchasing an additional 249 shares during the last quarter. B. Riley Wealth Advisors Inc. lifted its holdings in shares of Alerian MLP ETF by 1.5% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 19,995 shares of the exchange traded fund’s stock worth $963,000 after acquiring an additional 299 shares during the last quarter. Fiduciary Group LLC lifted its holdings in shares of Alerian MLP ETF by 2.9% in the 4th quarter. Fiduciary Group LLC now owns 10,650 shares of the exchange traded fund’s stock worth $513,000 after acquiring an additional 300 shares during the last quarter. Finally, WBI Investments LLC lifted its holdings in shares of Alerian MLP ETF by 3.1% in the 4th quarter. WBI Investments LLC now owns 10,069 shares of the exchange traded fund’s stock worth $485,000 after acquiring an additional 307 shares during the last quarter.

Alerian MLP ETF Trading Down 0.2%

Alerian MLP ETF stock opened at $49.13 on Monday. The firm has a 50-day moving average price of $48.31 and a 200-day moving average price of $49.75. The firm has a market capitalization of $10.45 billion, a PE ratio of 12.85 and a beta of 0.66. Alerian MLP ETF has a 12-month low of $43.75 and a 12-month high of $53.24.

Alerian MLP ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, May 19th. Stockholders of record on Wednesday, May 14th were issued a $0.98 dividend. This represents a $3.92 annualized dividend and a dividend yield of 7.98%. This is a positive change from Alerian MLP ETF’s previous quarterly dividend of $0.95.

Alerian MLP ETF 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.