Algorithmic Investment Models LLC Purchases 19,039 Shares of Alerian MLP ETF $AMLP

Algorithmic Investment Models LLC lifted its holdings in Alerian MLP ETF (NYSEARCA:AMLP) by 21.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 107,951 shares of the exchange traded fund’s stock after acquiring an additional 19,039 shares during the period. Alerian MLP ETF makes up approximately 3.4% of Algorithmic Investment Models LLC’s portfolio, making the stock its 9th biggest position. Algorithmic Investment Models LLC’s holdings in Alerian MLP ETF were worth $5,066,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. REAP Financial Group LLC grew its position 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 period. Manchester Capital Management LLC bought a new position in shares of Alerian MLP ETF in the second quarter valued at $29,000. GAMMA Investing LLC grew 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 valued at $31,000 after buying an additional 445 shares during the last quarter. MJT & Associates Financial Advisory Group Inc. increased its position in shares of 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 acquiring an additional 545 shares in the last quarter. Finally, HM Payson & Co. acquired a new stake in shares of Alerian MLP ETF in the 3rd quarter worth about $47,000.

Alerian MLP ETF Stock Performance

Shares of NYSEARCA AMLP opened at $51.79 on Monday. The stock has a market cap of $11.67 billion, a price-to-earnings ratio of 14.17 and a beta of 0.70. Alerian MLP ETF has a fifty-two week low of $43.75 and a fifty-two week high of $52.58. The firm’s 50-day simple moving average is $48.94 and its 200 day simple moving average is $47.85.

Alerian MLP ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Wednesday, February 11th were given a dividend of $1.01 per share. The ex-dividend date of this dividend was Wednesday, February 11th. This is a positive change from Alerian MLP ETF’s previous quarterly dividend of $1.00. This represents a $4.04 annualized dividend 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).