Empirical Asset Management LLC Takes $735,000 Position in Alerian MLP ETF $AMLP

Empirical Asset Management LLC purchased a new position in shares of Alerian MLP ETF (NYSEARCA:AMLP) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 15,662 shares of the exchange traded fund’s stock, valued at approximately $735,000.

Other large investors have also recently made changes to their positions in the company. Level Four Advisory Services LLC lifted its stake in shares of Alerian MLP ETF by 1.0% during the 2nd quarter. Level Four Advisory Services LLC now owns 20,536 shares of the exchange traded fund’s stock valued at $1,003,000 after buying an additional 210 shares in the last quarter. Opal Wealth Advisors LLC boosted its stake in Alerian MLP ETF by 2.7% during the third quarter. Opal Wealth Advisors LLC now owns 8,467 shares of the exchange traded fund’s stock valued at $397,000 after buying an additional 221 shares during the last quarter. Private Advisory Group LLC grew its holdings in shares of Alerian MLP ETF by 5.6% in the third quarter. Private Advisory Group LLC now owns 4,524 shares of the exchange traded fund’s stock valued at $212,000 after purchasing an additional 239 shares in the last quarter. Berkeley Capital Partners LLC grew its stake in shares of Alerian MLP ETF by 0.4% in the 3rd quarter. Berkeley Capital Partners LLC now owns 62,633 shares of the exchange traded fund’s stock worth $2,939,000 after buying an additional 248 shares in the last quarter. Finally, Fountainhead AM LLC grew its position in Alerian MLP ETF by 4.5% in the second quarter. Fountainhead AM LLC now owns 6,057 shares of the exchange traded fund’s stock worth $296,000 after acquiring an additional 259 shares in the last quarter.

Alerian MLP ETF Stock Performance

NYSEARCA AMLP opened at $51.33 on Thursday. 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. The business’s 50 day moving average price is $49.20 and its 200-day moving average price is $47.91.

Alerian MLP ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Wednesday, February 11th were paid a dividend of $1.01 per share. The ex-dividend date of this dividend was Wednesday, February 11th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 7.9%. This is a boost 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).