Enclave Advisors LLC Decreases Position in Alerian MLP ETF $AMLP

Enclave Advisors LLC trimmed its stake in Alerian MLP ETF (NYSEARCA:AMLP) by 53.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 155,689 shares of the exchange traded fund’s stock after selling 179,477 shares during the period. Alerian MLP ETF makes up about 1.0% of Enclave Advisors LLC’s portfolio, making the stock its 28th biggest position. Enclave Advisors LLC owned about 0.07% of Alerian MLP ETF worth $7,320,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of the stock. Dakota Wealth Management purchased a new position in Alerian MLP ETF during the fourth quarter worth $1,359,000. LongView Wealth Management purchased a new stake in shares of Alerian MLP ETF in the fourth quarter valued at $276,000. First Merchants Corp raised its stake in shares of Alerian MLP ETF by 9.4% in the fourth quarter. First Merchants Corp now owns 20,887 shares of the exchange traded fund’s stock valued at $982,000 after acquiring an additional 1,800 shares during the period. Heartwood Wealth Advisors LLC lifted its holdings in shares of Alerian MLP ETF by 3.4% in the 4th quarter. Heartwood Wealth Advisors LLC now owns 39,319 shares of the exchange traded fund’s stock worth $1,849,000 after acquiring an additional 1,293 shares during the last quarter. Finally, Sax Wealth Advisors LLC lifted its holdings in shares of Alerian MLP ETF by 14.7% in the 4th quarter. Sax Wealth Advisors LLC now owns 20,197 shares of the exchange traded fund’s stock worth $950,000 after acquiring an additional 2,587 shares during the last quarter.

Alerian MLP ETF Trading Down 0.6%

AMLP stock opened at $53.48 on Friday. The stock has a market cap of $12.05 billion, a PE 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 $54.20. The company has a 50-day moving average price of $51.44 and a 200 day moving average price of $48.59.

Alerian MLP ETF Increases Dividend

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

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).