9,550 Shares in Alerian MLP ETF $AMLP Acquired by Chickasaw Capital Management LLC

Chickasaw Capital Management LLC purchased a new stake in shares of Alerian MLP ETF (NYSEARCA:AMLP) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 9,550 shares of the exchange traded fund’s stock, valued at approximately $449,000.

Other hedge funds also recently modified their holdings of the company. Orion Porfolio Solutions LLC raised its stake in shares of Alerian MLP ETF by 326.3% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 1,039,696 shares of the exchange traded fund’s stock worth $50,800,000 after buying an additional 795,787 shares in the last quarter. Assetmark Inc. boosted its stake in Alerian MLP ETF by 1,024.7% during the third quarter. Assetmark Inc. now owns 716,978 shares of the exchange traded fund’s stock valued at $33,648,000 after buying an additional 653,230 shares in the last quarter. US Bancorp DE boosted its stake in Alerian MLP ETF by 57.6% during the third quarter. US Bancorp DE now owns 1,197,958 shares of the exchange traded fund’s stock valued at $56,220,000 after buying an additional 437,947 shares in the last quarter. RS Crum Inc. acquired a new position in Alerian MLP ETF during the second quarter worth about $14,966,000. Finally, Thrivent Financial for Lutherans grew its holdings in Alerian MLP ETF by 1,100.8% during the second quarter. Thrivent Financial for Lutherans now owns 329,183 shares of the exchange traded fund’s stock worth $16,084,000 after acquiring an additional 301,769 shares during the period.

Alerian MLP ETF Trading Up 0.5%

Shares of Alerian MLP ETF stock opened at $53.11 on Tuesday. Alerian MLP ETF has a 52 week low of $43.75 and a 52 week high of $53.50. The stock has a market cap of $11.97 billion, a PE ratio of 14.17 and a beta of 0.70. The company’s 50-day moving average price is $51.09 and its two-hundred day moving average price is $48.44.

Alerian MLP ETF Increases Dividend

The firm also recently announced 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 dividend yield of 7.6%. The ex-dividend date was Wednesday, February 11th. This is an increase from Alerian MLP ETF’s previous quarterly dividend of $1.00.

Alerian MLP ETF 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).