Advisors Preferred LLC Cuts Stake in Alerian MLP ETF $AMLP

Advisors Preferred LLC lowered its position in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 70.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,330 shares of the exchange traded fund’s stock after selling 107,392 shares during the quarter. Advisors Preferred LLC’s holdings in Alerian MLP ETF were worth $2,125,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in AMLP. REAP Financial Group LLC boosted its holdings in shares of 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 purchasing an additional 500 shares during the last quarter. Manchester Capital Management LLC purchased a new position in Alerian MLP ETF during the second quarter worth approximately $29,000. GAMMA Investing LLC lifted its position in 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 buying an additional 445 shares in the last quarter. MJT & Associates Financial Advisory Group Inc. boosted its stake in Alerian MLP ETF by 136.3% during the third quarter. MJT & Associates Financial Advisory Group Inc. now owns 945 shares of the exchange traded fund’s stock worth $44,000 after buying an additional 545 shares during the last quarter. Finally, HM Payson & Co. acquired a new position in Alerian MLP ETF during the third quarter worth $47,000.

Alerian MLP ETF Stock Up 0.5%

Shares of AMLP opened at $51.79 on Friday. Alerian MLP ETF has a 52-week low of $43.75 and a 52-week high of $52.58. The stock has a fifty day simple moving average of $48.94 and a two-hundred day simple moving average of $47.86. The company has a market capitalization of $11.67 billion, a PE ratio of 14.17 and a beta of 0.70.

Alerian MLP ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Wednesday, February 11th were paid a $1.01 dividend. The ex-dividend date of this dividend was Wednesday, February 11th. This is a boost from Alerian MLP ETF’s previous quarterly dividend of $1.00. This represents a $4.04 dividend on an annualized basis and a dividend yield of 7.8%.

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).