Good Steward Wealth Advisors LLC Sells 123,326 Shares of Alerian MLP ETF $AMLP

Good Steward Wealth Advisors LLC decreased its position in Alerian MLP ETF (NYSEARCA:AMLP) by 96.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,278 shares of the exchange traded fund’s stock after selling 123,326 shares during the quarter. Good Steward Wealth Advisors LLC’s holdings in Alerian MLP ETF were worth $201,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in AMLP. REAP Financial Group LLC boosted its holdings 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 acquiring an additional 500 shares in the last quarter. Mid American Wealth Advisory Group Inc. purchased a new stake in shares of Alerian MLP ETF in the 2nd quarter worth about $29,000. Manchester Capital Management LLC bought a new stake in shares of Alerian MLP ETF during the 2nd quarter valued at about $29,000. GAMMA Investing LLC increased its position in shares of Alerian MLP ETF by 213.9% during the third quarter. GAMMA Investing LLC now owns 653 shares of the exchange traded fund’s stock valued at $31,000 after buying an additional 445 shares during the period. Finally, MJT & Associates Financial Advisory Group Inc. raised its stake 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 worth $44,000 after buying an additional 545 shares in the last quarter.

Alerian MLP ETF Price Performance

Shares of AMLP opened at $50.27 on Friday. The company has a 50-day simple moving average of $48.46 and a two-hundred day simple moving average of $47.79. The firm has a market capitalization of $11.33 billion, a PE ratio of 14.17 and a beta of 0.70. 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 company also recently declared a quarterly dividend, which will be paid on Tuesday, February 17th. Investors of record on Wednesday, February 11th will be paid a $1.01 dividend. The ex-dividend date of this dividend 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 annualized dividend and a yield of 8.0%.

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).