Cambria Investment Management L.P. Takes $691,000 Position in Alerian MLP ETF $AMLP

Cambria Investment Management L.P. acquired a new position in Alerian MLP ETF (NYSEARCA:AMLP) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 14,734 shares of the exchange traded fund’s stock, valued at approximately $691,000.

Several other large investors also recently added to or reduced their stakes in the business. Oxbow Advisors LLC increased its stake in 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 acquiring an additional 20,800 shares during the last quarter. Empirical Asset Management LLC bought a new stake in shares of Alerian MLP ETF during the 3rd quarter valued at about $735,000. Algorithmic Investment Models LLC boosted its position in shares of Alerian MLP ETF by 21.4% during the 3rd quarter. Algorithmic Investment Models LLC now owns 107,951 shares of the exchange traded fund’s stock valued at $5,066,000 after acquiring an additional 19,039 shares during the last quarter. Ball & Co Wealth Management Inc. grew its holdings in shares of Alerian MLP ETF by 6.8% during the third quarter. Ball & Co Wealth Management Inc. now owns 216,829 shares of the exchange traded fund’s stock worth $10,175,000 after purchasing an additional 13,843 shares in the last quarter. Finally, Investment House LLC purchased a new position in shares of Alerian MLP ETF during the third quarter worth about $735,000.

Alerian MLP ETF Trading Down 0.4%

AMLP stock opened at $52.86 on Friday. The company’s 50 day moving average is $51.00 and its 200 day moving average is $48.40. The stock has a market cap of $11.91 billion, a price-to-earnings ratio of 14.17 and a beta of 0.70. Alerian MLP ETF has a 1-year low of $43.75 and a 1-year high of $53.50.

Alerian MLP ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Wednesday, February 11th were paid a $1.01 dividend. The ex-dividend date of this dividend was Wednesday, February 11th. This represents a $4.04 dividend on an annualized basis and a yield of 7.6%. This is a boost from Alerian MLP ETF’s previous quarterly dividend of $1.00.

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).