AlphaCore Capital LLC Lowers Holdings in Alerian MLP ETF $AMLP

AlphaCore Capital LLC trimmed its stake in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 14.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 78,344 shares of the exchange traded fund’s stock after selling 12,920 shares during the period. AlphaCore Capital LLC’s holdings in Alerian MLP ETF were worth $3,677,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Bank of America Corp DE grew its stake in shares of Alerian MLP ETF by 0.7% during the 2nd quarter. Bank of America Corp DE now owns 8,453,389 shares of the exchange traded fund’s stock worth $413,033,000 after purchasing an additional 54,835 shares during the period. Allen Investment Management LLC boosted its holdings in Alerian MLP ETF by 9.1% during the third quarter. Allen Investment Management LLC now owns 3,501,325 shares of the exchange traded fund’s stock worth $164,317,000 after buying an additional 291,011 shares in the last quarter. Raymond James Financial Inc. grew its position in Alerian MLP ETF by 5.9% during the second quarter. Raymond James Financial Inc. now owns 2,715,784 shares of the exchange traded fund’s stock valued at $132,693,000 after buying an additional 152,451 shares during the period. Ameriprise Financial Inc. grew its position in Alerian MLP ETF by 19.2% during the second quarter. Ameriprise Financial Inc. now owns 1,634,868 shares of the exchange traded fund’s stock valued at $79,886,000 after buying an additional 262,817 shares during the period. Finally, Naviter Wealth LLC increased its holdings in Alerian MLP ETF by 6.6% in the third quarter. Naviter Wealth LLC now owns 1,397,127 shares of the exchange traded fund’s stock valued at $65,567,000 after buying an additional 85,938 shares in the last quarter.

Alerian MLP ETF Stock Performance

Shares of Alerian MLP ETF stock opened at $51.33 on Thursday. The firm has a 50-day simple moving average of $49.20 and a two-hundred day simple moving average of $47.91. Alerian MLP ETF has a fifty-two week low of $43.75 and a fifty-two week high of $52.58. The company has a market cap of $11.57 billion, a P/E ratio of 14.17 and a beta of 0.70.

Alerian MLP ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Wednesday, February 11th were issued a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a yield of 7.9%. 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.

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).