Alerian MLP ETF (NYSEARCA:AMLP) Reaches New 12-Month High – Here’s Why

Alerian MLP ETF (NYSEARCA:AMLP) reached a new 52-week high on Wednesday . The company traded as high as $54.03 and last traded at $53.53, with a volume of 2106634 shares. The stock had previously closed at $53.11.

Alerian MLP ETF Price Performance

The company’s 50-day simple moving average is $51.18 and its 200-day simple moving average is $48.48. The company has a market cap of $12.06 billion, a price-to-earnings ratio of 14.17 and a beta of 0.70.

Alerian MLP ETF Increases Dividend

The company also recently announced 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 7.5%. This is a boost from Alerian MLP ETF’s previous quarterly dividend of $1.00. The ex-dividend date was Wednesday, February 11th.

Institutional Investors Weigh In On Alerian MLP ETF

A number of large investors have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. lifted its holdings in Alerian MLP ETF by 14,563.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,289,345 shares of the exchange traded fund’s stock worth $60,625,000 after buying an additional 1,280,552 shares in the last quarter. Orion Porfolio Solutions LLC boosted its position in 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 valued at $50,800,000 after buying an additional 795,787 shares during the last quarter. Assetmark Inc. grew its stake in shares of 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 acquiring an additional 653,230 shares in the last quarter. EP Wealth Advisors LLC acquired a new stake in shares of Alerian MLP ETF during the fourth quarter valued at about $24,371,000. Finally, US Bancorp DE increased its position in shares of 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 worth $56,220,000 after acquiring an additional 437,947 shares during the last quarter.

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).