DAVENPORT & Co LLC Acquires 18,631 Shares of Alerian MLP ETF $AMLP

DAVENPORT & Co LLC raised its stake in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 13.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 162,254 shares of the exchange traded fund’s stock after purchasing an additional 18,631 shares during the period. DAVENPORT & Co LLC owned approximately 0.07% of Alerian MLP ETF worth $7,629,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Level Four Advisory Services LLC raised its stake in shares of Alerian MLP ETF by 1.0% in the second quarter. Level Four Advisory Services LLC now owns 20,536 shares of the exchange traded fund’s stock worth $1,003,000 after purchasing an additional 210 shares during the last quarter. CWA Asset Management Group LLC boosted its position in shares of Alerian MLP ETF by 1.1% during the fourth quarter. CWA Asset Management Group LLC now owns 19,438 shares of the exchange traded fund’s stock valued at $914,000 after buying an additional 220 shares during the last quarter. Opal Wealth Advisors LLC grew its holdings 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 worth $397,000 after buying an additional 221 shares in the last quarter. Shepherd Kaplan Krochuk LLC raised its position in Alerian MLP ETF by 2.2% in the 3rd quarter. Shepherd Kaplan Krochuk LLC now owns 10,866 shares of the exchange traded fund’s stock valued at $510,000 after buying an additional 237 shares during the last quarter. Finally, Private Advisory Group LLC raised its position in Alerian MLP ETF by 5.6% in the 3rd quarter. Private Advisory Group LLC now owns 4,524 shares of the exchange traded fund’s stock valued at $212,000 after buying an additional 239 shares during the last quarter.

Alerian MLP ETF Trading Up 0.8%

Shares of NYSEARCA:AMLP opened at $53.81 on Friday. The stock has a market cap of $12.12 billion, a PE ratio of 14.17 and a beta of 0.70. The stock’s fifty day simple moving average is $51.36 and its two-hundred day simple moving average is $48.55. Alerian MLP ETF has a 1-year low of $43.75 and a 1-year high of $54.03.

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 given a dividend of $1.01 per share. The ex-dividend date of this dividend was Wednesday, February 11th. This is an increase from Alerian MLP ETF’s previous quarterly dividend of $1.00. This represents a $4.04 dividend on an annualized basis and a dividend yield of 7.5%.

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).