Dakota Wealth Management Invests $1.36 Million in Alerian MLP ETF $AMLP

Dakota Wealth Management bought a new stake in Alerian MLP ETF (NYSEARCA:AMLP) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 28,896 shares of the exchange traded fund’s stock, valued at approximately $1,359,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. REAP Financial Group LLC grew its stake in Alerian MLP ETF by 2,000.0% in the third 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 raised its stake in shares of Alerian MLP ETF by 213.9% during the 3rd quarter. GAMMA Investing LLC now owns 653 shares of the exchange traded fund’s stock worth $31,000 after purchasing an additional 445 shares in the last quarter. MJT & Associates Financial Advisory Group Inc. boosted its holdings in shares of 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 buying an additional 545 shares during the last quarter. HM Payson & Co. acquired a new stake in shares of Alerian MLP ETF in the 3rd quarter valued at approximately $47,000. Finally, TFC Financial Management Inc. bought a new position in shares of Alerian MLP ETF in the third quarter valued at $60,000.

Alerian MLP ETF Trading Down 0.6%

Shares of AMLP opened at $53.48 on Friday. The company has a market cap of $12.05 billion, a price-to-earnings ratio of 14.17 and a beta of 0.70. Alerian MLP ETF has a 1-year low of $43.75 and a 1-year high of $54.20. The company’s fifty day simple moving average is $51.44 and its 200 day simple moving average is $48.60.

Alerian MLP ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Wednesday, February 11th were given a $1.01 dividend. This is a boost from Alerian MLP ETF’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend was Wednesday, February 11th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 7.6%.

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).