Alerian MLP ETF $AMLP Position Lifted by Naviter Wealth LLC

Naviter Wealth LLC lifted its position in Alerian MLP ETF (NYSEARCA:AMLP) by 6.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,397,127 shares of the exchange traded fund’s stock after purchasing an additional 85,938 shares during the quarter. Alerian MLP ETF comprises about 7.6% of Naviter Wealth LLC’s holdings, making the stock its biggest holding. Naviter Wealth LLC owned approximately 0.64% of Alerian MLP ETF worth $65,567,000 at the end of the most recent reporting period.

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

Alerian MLP ETF Trading Up 2.1%

Shares of AMLP opened at $51.31 on Friday. The firm has a market cap of $11.56 billion, a P/E ratio of 14.17 and a beta of 0.70. The company’s 50-day moving average price is $48.53 and its 200 day moving average price is $47.81. Alerian MLP ETF has a 12-month low of $43.75 and a 12-month high of $52.58.

Alerian MLP ETF Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 17th. Investors of record on Wednesday, February 11th will be issued a $1.01 dividend. This is a boost from Alerian MLP ETF’s previous quarterly dividend of $1.00. The ex-dividend date is Wednesday, February 11th. This represents a $4.04 annualized dividend and a yield of 7.9%.

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).