Assetmark Inc. Increases Stock Position in Alerian MLP ETF $AMLP

Assetmark Inc. raised its holdings in Alerian MLP ETF (NYSEARCA:AMLP) by 1,024.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 716,978 shares of the exchange traded fund’s stock after acquiring an additional 653,230 shares during the quarter. Assetmark Inc. owned 0.33% of Alerian MLP ETF worth $33,648,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC increased its position in 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 worth $2,157,000 after purchasing an additional 7,280 shares in the last quarter. MGO One Seven LLC increased its holdings in Alerian MLP ETF by 12.0% in the 2nd quarter. MGO One Seven LLC now owns 5,995 shares of the exchange traded fund’s stock valued at $293,000 after purchasing an additional 642 shares in the last quarter. Ritholtz Wealth Management acquired a new position in Alerian MLP ETF during the 2nd quarter worth approximately $236,000. Oxbow Advisors LLC grew its holdings in Alerian MLP ETF by 11.3% during the 2nd quarter. Oxbow Advisors LLC now owns 181,556 shares of the exchange traded fund’s stock valued at $8,871,000 after purchasing an additional 18,475 shares in the last quarter. Finally, Stratos Wealth Advisors LLC acquired a new stake in Alerian MLP ETF during the 2nd quarter valued at $1,099,000.

Alerian MLP ETF Stock Performance

Shares of AMLP opened at $51.31 on Friday. The company has a market capitalization of $11.56 billion, a P/E ratio of 14.17 and a beta of 0.70. The stock has a 50-day moving average price of $48.53 and a 200 day moving average price of $47.81. Alerian MLP ETF has a one year low of $43.75 and a one year high of $52.58.

Alerian MLP ETF Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 17th. Shareholders of record on Wednesday, February 11th will be paid a $1.01 dividend. The ex-dividend date is Wednesday, February 11th. This is a positive change from Alerian MLP ETF’s previous quarterly dividend of $1.00. This represents a $4.04 dividend on an annualized basis and a yield of 7.9%.

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).