HighTower Advisors LLC Purchases 27,945 Shares of Alerian MLP ETF $AMLP

HighTower Advisors LLC grew its position in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 3.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 835,048 shares of the exchange traded fund’s stock after purchasing an additional 27,945 shares during the quarter. HighTower Advisors LLC owned approximately 0.38% of Alerian MLP ETF worth $39,188,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in AMLP. REAP Financial Group LLC boosted its position in Alerian MLP ETF by 2,000.0% during the 3rd quarter. REAP Financial Group LLC now owns 525 shares of the exchange traded fund’s stock worth $25,000 after buying an additional 500 shares during the period. Mid American Wealth Advisory Group Inc. bought a new position in shares of Alerian MLP ETF during the second quarter valued at $29,000. Manchester Capital Management LLC acquired a new position in shares of Alerian MLP ETF during the second quarter worth $29,000. GAMMA Investing LLC lifted its holdings in shares of Alerian MLP ETF by 213.9% during the third quarter. GAMMA Investing LLC now owns 653 shares of the exchange traded fund’s stock worth $31,000 after purchasing an additional 445 shares during the period. Finally, MJT & Associates Financial Advisory Group Inc. grew its stake in shares of Alerian MLP ETF by 136.3% in the third quarter. MJT & Associates Financial Advisory Group Inc. now owns 945 shares of the exchange traded fund’s stock worth $44,000 after purchasing an additional 545 shares during the last quarter.

Alerian MLP ETF Stock Up 0.2%

Shares of NYSEARCA:AMLP opened at $51.39 on Wednesday. The firm has a market cap of $11.58 billion, a P/E ratio of 14.17 and a beta of 0.70. Alerian MLP ETF has a 12-month low of $43.75 and a 12-month high of $52.58. The business has a fifty day simple moving average of $48.68 and a 200 day simple moving average of $47.80.

Alerian MLP ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Wednesday, February 11th were given a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a dividend yield of 7.9%. This is a positive change from Alerian MLP ETF’s previous quarterly dividend of $1.00. The ex-dividend date was Wednesday, February 11th.

Alerian MLP ETF 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. The Index is comprised of 25 energy infrastructure MLPs. The fund will invest at least 90% of its total assets in securities, which comprise the Index (or depositary receipts based on such securities).