Aprio Wealth Management LLC Acquires 48,262 Shares of Alerian MLP ETF $AMLP

Aprio Wealth Management LLC increased its holdings in Alerian MLP ETF (NYSEARCA:AMLP) by 15.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 359,899 shares of the exchange traded fund’s stock after purchasing an additional 48,262 shares during the period. Alerian MLP ETF accounts for 1.7% of Aprio Wealth Management LLC’s holdings, making the stock its 13th biggest holding. Aprio Wealth Management LLC owned 0.16% of Alerian MLP ETF worth $16,890,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Americana Partners LLC grew its stake in Alerian MLP ETF by 68.8% during the second quarter. Americana Partners LLC now owns 21,758 shares of the exchange traded fund’s stock valued at $1,063,000 after acquiring an additional 8,871 shares in the last quarter. Oxbow Advisors LLC grew its stake in shares of Alerian MLP ETF by 11.5% in the 3rd quarter. Oxbow Advisors LLC now owns 202,356 shares of the exchange traded fund’s stock worth $9,497,000 after buying an additional 20,800 shares in the last quarter. Empirical Asset Management LLC bought a new stake in shares of Alerian MLP ETF in the 3rd quarter worth about $735,000. Algorithmic Investment Models LLC increased its holdings in shares of Alerian MLP ETF by 21.4% in the 3rd quarter. Algorithmic Investment Models LLC now owns 107,951 shares of the exchange traded fund’s stock worth $5,066,000 after buying an additional 19,039 shares during the last quarter. Finally, Ball & Co Wealth Management Inc. raised its position in shares of Alerian MLP ETF by 6.8% during the 3rd quarter. Ball & Co Wealth Management Inc. now owns 216,829 shares of the exchange traded fund’s stock valued at $10,175,000 after buying an additional 13,843 shares in the last quarter.

Alerian MLP ETF Trading Up 0.5%

Shares of NYSEARCA:AMLP opened at $52.04 on Friday. The company has a market cap of $11.73 billion, a price-to-earnings ratio of 14.17 and a beta of 0.70. Alerian MLP ETF has a 12 month low of $43.75 and a 12 month high of $52.58. The company has a 50-day moving average price of $49.41 and a 200 day moving average price of $47.96.

Alerian MLP ETF Increases Dividend

The business 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. This represents a $4.04 annualized dividend and a dividend yield of 7.8%. 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).