Focus Partners Advisor Solutions LLC Reduces Stock Position in Alerian MLP ETF $AMLP

Focus Partners Advisor Solutions LLC cut its holdings in Alerian MLP ETF (NYSEARCA:AMLP) by 61.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,780 shares of the exchange traded fund’s stock after selling 10,652 shares during the period. Focus Partners Advisor Solutions LLC’s holdings in Alerian MLP ETF were worth $319,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. REAP Financial Group LLC increased its holdings in shares of 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 acquiring an additional 500 shares during the last quarter. Manchester Capital Management LLC purchased a new stake in Alerian MLP ETF during the second quarter worth approximately $29,000. GAMMA Investing LLC lifted its stake in Alerian MLP ETF by 213.9% during the third quarter. GAMMA Investing LLC now owns 653 shares of the exchange traded fund’s stock worth $31,000 after purchasing an additional 445 shares during the last quarter. MJT & Associates Financial Advisory Group Inc. boosted its holdings in Alerian MLP ETF by 136.3% in the third 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 third quarter valued at approximately $47,000.

Alerian MLP ETF Trading Down 0.6%

AMLP stock opened at $52.29 on Tuesday. Alerian MLP ETF has a twelve month low of $43.75 and a twelve month high of $53.20. The company’s 50 day moving average is $50.07 and its two-hundred day moving average is $48.14. The stock has a market cap of $11.78 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. Shareholders of record on Wednesday, February 11th were paid a $1.01 dividend. This is a boost 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).