Madison Park Capital Advisors LLC Sells 9,599 Shares of Alerian MLP ETF $AMLP

Madison Park Capital Advisors LLC lowered its position in Alerian MLP ETF (NYSEARCA:AMLP) by 12.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 68,106 shares of the exchange traded fund’s stock after selling 9,599 shares during the period. Alerian MLP ETF accounts for 2.6% of Madison Park Capital Advisors LLC’s portfolio, making the stock its 13th largest holding. Madison Park Capital Advisors LLC’s holdings in Alerian MLP ETF were worth $3,202,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its holdings in shares of Alerian MLP ETF by 19.4% during the 4th quarter. Brighton Jones LLC now owns 44,781 shares of the exchange traded fund’s stock valued at $2,157,000 after purchasing an additional 7,280 shares in the last quarter. Cresset Asset Management LLC boosted its holdings in Alerian MLP ETF by 256.7% in the second quarter. Cresset Asset Management LLC now owns 32,606 shares of the exchange traded fund’s stock worth $1,593,000 after purchasing an additional 23,464 shares in the last quarter. Rockport Wealth LLC bought a new stake in Alerian MLP ETF in the second quarter worth $224,000. Intrinsic Edge Capital Management LLC acquired a new position in Alerian MLP ETF during the second quarter worth $3,909,000. Finally, Cary Street Partners Financial LLC increased its position in Alerian MLP ETF by 80.6% during the second quarter. Cary Street Partners Financial LLC now owns 216,359 shares of the exchange traded fund’s stock worth $10,571,000 after buying an additional 96,545 shares during the last quarter.

Alerian MLP ETF Price Performance

NYSEARCA AMLP opened at $52.37 on Monday. Alerian MLP ETF has a fifty-two week low of $43.75 and a fifty-two week high of $54.20. The stock’s 50-day moving average is $51.78 and its two-hundred day moving average is $48.77. The firm has a market cap of $12.12 billion, a P/E ratio of 14.17 and a beta of 0.70.

Alerian MLP ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Wednesday, February 11th were paid a $1.01 dividend. This represents a $4.04 dividend on an annualized basis and a dividend yield of 7.7%. The ex-dividend date of this dividend was Wednesday, February 11th. This is a positive change from Alerian MLP ETF’s previous quarterly dividend of $1.00.

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).