Alerian MLP ETF $AMLP Stake Raised by Advisors Asset Management Inc.

Advisors Asset Management Inc. boosted its holdings in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 37.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 126,948 shares of the exchange traded fund’s stock after acquiring an additional 34,581 shares during the quarter. Advisors Asset Management Inc. owned 0.06% of Alerian MLP ETF worth $5,958,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Orion Porfolio Solutions LLC lifted its position in shares of Alerian MLP ETF by 326.3% in the second quarter. Orion Porfolio Solutions LLC now owns 1,039,696 shares of the exchange traded fund’s stock worth $50,800,000 after purchasing an additional 795,787 shares in the last quarter. Rockefeller Capital Management L.P. increased its stake in Alerian MLP ETF by 60.4% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 856,674 shares of the exchange traded fund’s stock valued at $41,857,000 after buying an additional 322,729 shares during the period. TRUE Private Wealth Advisors increased its stake in Alerian MLP ETF by 3,254.0% in the 2nd quarter. TRUE Private Wealth Advisors now owns 330,398 shares of the exchange traded fund’s stock valued at $16,143,000 after buying an additional 320,547 shares during the period. RS Crum Inc. purchased a new stake in Alerian MLP ETF in the 2nd quarter worth approximately $14,966,000. Finally, Thrivent Financial for Lutherans lifted its position in Alerian MLP ETF by 1,100.8% in the 2nd quarter. Thrivent Financial for Lutherans now owns 329,183 shares of the exchange traded fund’s stock worth $16,084,000 after buying an additional 301,769 shares in the last quarter.

Alerian MLP ETF Stock Down 0.4%

Shares of NYSEARCA:AMLP opened at $50.27 on Friday. The firm has a fifty day moving average of $48.46 and a two-hundred day moving average of $47.79. Alerian MLP ETF has a 12-month low of $43.75 and a 12-month high of $52.58. The firm has a market capitalization of $11.33 billion, a P/E ratio of 14.17 and a beta of 0.70.

Alerian MLP ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 17th. Investors of record on Wednesday, February 11th will be given a dividend of $1.01 per share. The ex-dividend date of this dividend is Wednesday, February 11th. This is a positive change from Alerian MLP ETF’s previous quarterly dividend of $1.00. This represents a $4.04 dividend on an annualized basis and a yield of 8.0%.

About Alerian MLP ETF

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).