Evexia Wealth LLC Has $1.70 Million Position in Alerian MLP ETF $AMLP

Evexia Wealth LLC boosted its stake in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 76.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 34,676 shares of the exchange traded fund’s stock after acquiring an additional 15,039 shares during the period. Evexia Wealth LLC’s holdings in Alerian MLP ETF were worth $1,703,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the stock. Orion Porfolio Solutions LLC increased its position in shares of Alerian MLP ETF by 326.3% in the second quarter. Orion Porfolio Solutions LLC now owns 1,039,696 shares of the exchange traded fund’s stock worth $50,800,000 after purchasing an additional 795,787 shares during the period. Assetmark Inc. lifted its position 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 worth $33,648,000 after purchasing an additional 653,230 shares during the period. US Bancorp DE grew 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 worth $56,220,000 after buying an additional 437,947 shares in the last quarter. RS Crum Inc. acquired a new stake in Alerian MLP ETF during the second quarter worth about $14,966,000. Finally, Thrivent Financial for Lutherans increased its holdings in Alerian MLP ETF by 1,100.8% in the 2nd quarter. Thrivent Financial for Lutherans now owns 329,183 shares of the exchange traded fund’s stock valued at $16,084,000 after buying an additional 301,769 shares during the period.

Alerian MLP ETF Trading Up 0.5%

Shares of NYSEARCA:AMLP opened at $52.37 on Friday. The firm has a 50 day moving average of $51.72 and a 200-day moving average of $48.73. Alerian MLP ETF has a 12 month low of $43.75 and a 12 month high of $54.20. The stock has a market capitalization of $11.80 billion, a PE ratio of 14.17 and a beta of 0.70.

Alerian MLP ETF Increases Dividend

The company also recently disclosed 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 is an increase from Alerian MLP ETF’s previous quarterly dividend of $1.00. This represents a $4.04 annualized dividend and a yield of 7.7%. 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).