Eagle Strategies LLC Grows Stake in Alerian MLP ETF $AMLP

Eagle Strategies LLC boosted its position in Alerian MLP ETF (NYSEARCA:AMLP) by 9.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 123,643 shares of the exchange traded fund’s stock after purchasing an additional 10,786 shares during the period. Eagle Strategies LLC owned about 0.06% of Alerian MLP ETF worth $5,814,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. REAP Financial Group LLC increased its stake in Alerian MLP ETF by 2,000.0% in the 3rd quarter. REAP Financial Group LLC now owns 525 shares of the exchange traded fund’s stock valued at $25,000 after purchasing an additional 500 shares in the last quarter. GAMMA Investing LLC increased its stake in Alerian MLP ETF by 213.9% in the 3rd quarter. GAMMA Investing LLC now owns 653 shares of the exchange traded fund’s stock valued at $31,000 after purchasing an additional 445 shares in the last quarter. Flagship Harbor Advisors LLC purchased a new position in Alerian MLP ETF in the 4th quarter valued at approximately $43,000. MJT & Associates Financial Advisory Group Inc. increased its stake in Alerian MLP ETF by 136.3% in the 3rd quarter. MJT & Associates Financial Advisory Group Inc. now owns 945 shares of the exchange traded fund’s stock valued at $44,000 after purchasing an additional 545 shares in the last quarter. Finally, HM Payson & Co. purchased a new position in Alerian MLP ETF in the 3rd quarter valued at approximately $47,000.

Alerian MLP ETF Price Performance

NYSEARCA AMLP opened at $52.30 on Friday. Alerian MLP ETF has a 1-year low of $44.64 and a 1-year high of $54.20. The company has a market capitalization of $12.12 billion, a P/E ratio of 14.17 and a beta of 0.56. The business has a 50 day moving average price of $52.03 and a 200 day moving average price of $48.94.

Alerian MLP ETF Increases Dividend

The company 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 annualized dividend and a yield of 7.7%. 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.

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).