Alerian MLP ETF $AMLP Shares Sold by Naviter Wealth LLC

Naviter Wealth LLC trimmed its stake in Alerian MLP ETF (NYSEARCA:AMLP) by 14.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 1,198,323 shares of the exchange traded fund’s stock after selling 198,804 shares during the period. Alerian MLP ETF accounts for about 7.3% of Naviter Wealth LLC’s investment portfolio, making the stock its largest holding. Naviter Wealth LLC’s holdings in Alerian MLP ETF were worth $56,345,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of AMLP. Brighton Jones LLC increased its holdings in Alerian MLP ETF by 19.4% in the fourth quarter. Brighton Jones LLC now owns 44,781 shares of the exchange traded fund’s stock valued at $2,157,000 after purchasing an additional 7,280 shares during the period. Cresset Asset Management LLC increased its holdings in Alerian MLP ETF by 256.7% in the second quarter. Cresset Asset Management LLC now owns 32,606 shares of the exchange traded fund’s stock valued at $1,593,000 after purchasing an additional 23,464 shares during the period. Baker Avenue Asset Management LP acquired a new stake in Alerian MLP ETF in the second quarter valued at $1,700,000. Tandem Financial LLC increased its holdings in Alerian MLP ETF by 10.1% in the second quarter. Tandem Financial LLC now owns 19,953 shares of the exchange traded fund’s stock valued at $975,000 after purchasing an additional 1,833 shares during the period. Finally, Hurley Capital LLC increased its holdings in Alerian MLP ETF by 118.6% in the second quarter. Hurley Capital LLC now owns 5,648 shares of the exchange traded fund’s stock valued at $276,000 after purchasing an additional 3,064 shares during the period.

Alerian MLP ETF Stock Up 0.9%

NYSEARCA AMLP opened at $52.73 on Wednesday. The company has a market capitalization of $12.18 billion, a price-to-earnings ratio of 14.17 and a beta of 0.63. Alerian MLP ETF has a twelve month low of $43.75 and a twelve month high of $54.20. The stock has a fifty day simple moving average of $51.90 and a 200 day simple moving average of $48.85.

Alerian MLP ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders 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 yield of 7.7%. This is an increase from Alerian MLP ETF’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend was Wednesday, February 11th.

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. 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).